GST rates rationalisation may not pose fiscal burden on govt: Crisil

Crisil said that the recent GST rate rationalisation is unlikely to burden the government fiscally, despite an estimated short-term loss of ₹48,000 crore. This loss appears insignificant compared to the previous fiscal's ₹10.6 lakh crore GST collections. The simplification to a two-rate structure could formalise more goods and services, boosting tax buoyancy.