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GST rate cuts hit Centre and states equally: FM
The Political and Business Daily
|September 19, 2025
UNION Finance Minister Nirmala Sitharaman on Thursday made it clear that the Centre was not considering any compensation to states for potential revenue loss arising from the latest Goods and Services Tax (GST) rate cuts, stressing that the impact will be shared “equally” and given the devolution of taxes, while the Centre's share will be even smaller.
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The opposition was putting pressure on the BJP-led central government, seeking compensation of potential revenue loss from GST rationalisation.
This story is from the September 19, 2025 edition of The Political and Business Daily.
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