GST rate changes could lead to ₹47,000 crore revenue dip

The Indian Finance Ministry told Parliament that the GST rate changes could lead to a revenue dip of about ₹47,000 crore. They might snag ₹45,570 crore by shifting some items to a higher tax bracket, but Kerala is worried about losing up to ₹8,000 crore from key sectors like cars and electronics. The government says they'll keep an eye on how things change over time.