Wary of revenue loss, Karnataka to oppose Centre’s GST rate cuts
Monday, 25 August 2025 () Karnataka government fears a significant revenue shortfall from the Centre's GST rate reshuffle plan, potentially losing over Rs 15,000 crore. While the move aims to simplify the tax structure and benefit consumers, the state insists on revenue protection and demands consensus between states and the Centre. Karnataka is advocating for compensation or a revised revenue-sharing formula to mitigate the impact.
Monday, 25 August 2025 ()
