GST rationalisation impact: Higher RBI dividend expected to offset revenue shortfall; CareEdge flags tax - Times of India

Strong RBI dividend to help stabilise finances The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI), according to a report by CareEdge Ratings.The report, cited by ANI, highlight…