States stare at uncovered losses of up to Rs 3.1 lakh crore in FY22: SBI report

Accounting for a decline in the states’ own tax revenue, combined with the likely loss in state goods and services tax (SGST), the expected drop in revenue from the Centre and the additional expenditure by the states, their total expected loss stood at Rs 6.2 lakh crore for FY21, the SBI report said.

from Economy-News-Economic Times https://ift.tt/3j3LLac