<h1>State warns GST slab rationalisation may cut annual revenue by Rs 8,000-10,000 crore, urges compensation and consumer relief</h1> A state projects an annual GST revenue shortfall of Rs 8,000-10,000 crore following a Council decision to rationalize rates from four slabs to two (5% and 18%). The state supports reductions that lower consumer prices but urges the central government to ensure benefits reach consumers and to provide compensation, saying the compensation issue lacked adequate attention during the Council meeting. Estimated sectoral losses from cement, electronics, autos and insurance total about Rs 2,500 crore. The central government and revenue department described the overall fiscal impact as Rs 48,000 crore and fiscally sustainable.