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Revenue loss? States build pressure on Centre
Business Standard
|September 08, 2025
State chief ministers (CMs) and finance ministers, especially those belonging to the INDIA bloc, have flagged the revenue loss that their governments are set to incur because of rationalisation in goods and services tax (GST) rates.
CMs and finance ministers of the Bharatiya Janata Party-led National Democratic Alliance (NDA) have refrained from expressing their views on the subject publicly, but have shared their apprehensions on potential revenue loss with the Centre, sources told Business Standard.
Eight ministers in states run by parties other than the Bharatiya Janata Party met in Delhi on August 29, and again over breakfast before the GST Council meeting on Wednesday.
Jharkhand's Radha Krishna Kishore estimates a revenue loss of ₹2,000 crore per year for his state.
Kerala Finance Minister K N Balagopal has said his state could face an annual loss of ₹8,000 crore-10,000 crore.
Himachal Pradesh's Harshwardhan Chauhan's estimate is that the hill state could lose ₹1,000 crore annually.
This story is from the September 08, 2025 edition of Business Standard.
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