<h1>State warns GST reforms could cut annual revenues by Rs 2,000 crore, urges compensation and rate rationalisation</h1> A state finance minister warned that proposed GST reforms could cause an annual revenue shortfall of about Rs 2,000 crore, chiefly affecting the automobile, cement and manufacturing sectors, and urged central compensation. The minister said GST has reduced the state's internal receipts, citing cumulative losses of roughly Rs 16,408 crore from 2017-24-25 and projected losses of about Rs 61,670 crore by 2029, contending most coal and steel output is consumed outside the state so benefits flow to other jurisdictions. The state recommended rate rationalisation, a robust revenue-protection framework, a supplementary duty on sin and luxury goods, and a guaranteed compensation mechanism, seeking a minimum Rs 2,000 crore annual guarantee until revenues recover.