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of <h1>States to Gain Rs. 350-450 Billion Revenue from GST, Minimal Fiscal Slippage Risk, Says Report.</h1> States are projected to gain Rs. 350-450 billion in revenue following the mid-2017 implementation of the Goods and Services Tax (GST), according to a Standard Chartered report. This increase represents approximately 0.2-0.3% of GDP. The study, which analyzed state finances over a decade, suggests that if states maintain fiscal deficits within budgeted targets and the Central government adheres to its 3.2% GDP target, the combined 2017-18 deficit could be 6% or lower. The risk of fiscal slippage is minimal, with additional expenditure burdens from farm-loan waivers and Pay Commission recommendations expected to be limited. The Central government will compensate states for any revenue loss for five years post-GST implementation.
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