CM Says States Need Compensation For 5 Yrs After GST Rejig

Non-BJP states seek levy on sin, luxury goods

- EXPRESS NEWS SERVICE @Bengaluru

Chief Minister Siddaramaiah, who also holds the finance portfolio, has demanded that the rationalisation of GST rates must be supported by a robust revenue protection framework for states for at least five years.

On Friday, representatives of eight non-BJP ruled states met in New Delhi to chalk out a consensus draft ahead of the Centre's announcement regarding rationalisation of GST rates. The draft seeks to ensure reforms that are both fair and sustainable.

The draft, which will be placed before the GST Council, urged for a supplementary levy on sin and luxury goods besides a guaranteed compensation mechanism for the states for at least five years.