Karnataka’s GST collection likely to take a hit: G. Parameshwara
Karnataka’s finance minister G. Parameshwara warned that the state’s GST revenue is expected to decline, citing recent trends and policy shifts that could reduce its share of the central tax pool. He urged the state government to explore measures to mitigate the anticipated shortfall and maintain fiscal stability. He also highlighted the importance of improving compliance and diversifying revenue sources to offset the projected dip.