Budget 2026-27: GST Revenue to Slip 3% - Forbes India

The Union Budget 2026-27 projects GST revenues at Rs10.19 lakh crore for 2026-27, a decline from Rs10.46 lakh crore in revised estimates for the current financial year. This comes after the government enacted the GST rate rationalisation in September with an intent to boost consumption. The overhaul simplified India’s tax structure by collapsing the earlier four-tier system of 5 percent, 12 percen…