At the 56th GST Council Meeting, several states have expressed concerns about potential revenue losses due to the proposed restructuring of GST rates.
Thank you for reading this post, don't forget to subscribe!Karnataka, Punjab, and West Bengal specifically requested that the central government provide an estimate of the likely revenue loss. The report also mentioned that Telangana and Sikkim may have voiced similar apprehensions. These states are worried about protecting their revenue and ensuring fiscal stability.
