New Delhi, Sept. 4 -- States upset by revenue loss from tax cuts have pressed the Centre to make good their losses, a day after the Goods and Services Taxes Council pulled off the biggest overhaul of India's indirect tax regime.
Eight states ruled by non-Bharatiya Janata Party (BJP) parties have urged the Centre to set up a group of ministers to study revenue losses and explore possible compensation mechanisms, said Rajesh Dharmani, Himachal Pradesh's town and country planning minister. Dharmani, who represented the state at the GST Council said revenue protection is critical for states in view of mounting fiscal pressures.
"As far as the GST rationalization is concerned, there was no difference of opinion at all; all states supported i...
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