Tax cuts to impact revenue collection of States, says RBI report

RBI’s annual report gives comprehensive data on on the fiscal health of states Revenue trends for States seems to be stabilising after initial volatility in the goods and services tax (GST) and now seems to be on the rise but a recent report by the Reserve Bank of India (RBI) has said that except for a few states, desired results from the new indirect tax levy is still elusive. Increasing collecti…