Jharkhand Finance Minister Warns of Rs 2000 Crore Loss Due to GST Cuts in Auto and Cement Sectors
Jharkhand anticipates a revenue loss of approximately Rs 2000 crore, primarily from the automobile and cement sectors, due to GST rate reductions, according to Finance Minister Radha Krishana Kishore. Speaking at the Jharkhand Mining Summit, Kishore highlighted that these GST cuts largely benefit a small portion of the state's population.
Jharkhand anticipates a revenue loss of approximately Rs 2000 crore, primarily from the automobile and cement sectors, due to GST rate reductions, according to Finance Minister Radha Krishana Kishore. Speaking at the Jharkhand Mining Summit, Kishore highlighted that these GST cuts largely benefit a small portion of the state's population.
