Min Seeks Safeguards for TN Under New GST Regime

Calls for implementation of IGST settlement report at council meet

- EXPRESS NEWS SERVICE @ Chennai

TAMIL NADU Finance Minister Thangam Thennarasu on Thursday welcomed the GST rate rationalisation reforms, including the exemption of individual life and health insurance services, but expressed concerns over the protection of the state's revenue.

The minister, who represented the state in the GST council meeting, suggested either to continue the dispensation of Cess provision through a Constitutional amendment or increasing the bound rate of tax only for sin and luxury goods through an amendment to the GST Act, an official release said.