The successful implementation of GST will result in additional revenue through simpler and easier tax administration, the RBI said. Additional provisions states may have to make for Uday, increased calls for farm loan waivers and potential pay hikes for state government employees are other pressure points on state finances, the report said. One way states will gain is through GST, the RBI report said. “The successful implementation of GST will result in additional revenue through simpler and easier tax administration,” said the report. “The GST is expected to reduce administrative costs for collection of tax revenue and improve revenue efficiency.

Source: Mint May 12, 2017 12:45 UTC