Finance ministers from eight states propose additional levy on sin and luxury goods to maintain GST revenue neutrality.
Opposition-ruled states on Friday (August 29, 2025) said the Centre's proposal for GST rate rejig could result in a revenue loss of about ₹1.5 crore to ₹2 lakh crore and demanded compensation for the losses incurred by them.
Finance ministers from eight states — Himachal Pradesh, Jharkhand, Karnataka, Kerala, Punjab, Tamil Nadu, Telangana and West Bengal — decided to present their proposal to the GST Council at the next meeting on September 3 and 4.
Kerala Finance Minister emphasizes passing on GST benefits to common people, warns of revenue loss impact on states.
Kerala Finance Minister demands revenue protection for States under revamped GST structure, expressing concerns over revenue dip.
Kerala pushes for GST compensation continuation amid proposed shake-up and U.S. tariffs impact, highlighting revenue loss…
Jairam Ramesh supports Opposition-ruled States' demands for GST rate cuts and mechanisms to benefit consumers and State…
Tamil Nadu Finance Minister supports GST reforms but emphasizes on protecting state's financial resources and welfare schemes.
Punjab Finance Minister criticizes GST rate rationalization, demands immediate release of ₹50,000 crore compensation from Central…
