Dharamshala, Dec. 7 -- The tax revenue of Himachal Pradesh is expected to decrease by Rs.1,726.55 crore due to decrease in receipt from state goods and services tax, land revenue and state excise, a government data tabled in the legislative assembly during its winter session showed.

The information on Form-5 under Rule-7 of the Himachal Pradesh Fiscal Responsibility and Budget Management Rules, 2005, for financial year 2025-26 was placed before the House by chief minister Sukhvinder Singh Sukhu on Friday. "On the recommendations of 56th GST Council meeting recently, GST rates were rationalised from September 9 by the Union government by abolishing 12% and 28% slab rate and introducing 40% tax slab for sin goods due to which receipts on a...