<h1>Chief minister urges central government to devolve compensation cess, protect consumers and offset Rs 15,000-20,000 GST revenue loss</h1> The state chief minister welcomed the GST Council's decision to rationalise GST rates, warned the state could lose Rs 15,000-20,000 crore in revenue, and urged the central government to devolve the compensation cess still levied on certain sin goods to states. He stressed that the union government and tax authority must ensure rate reductions benefit consumers rather than boosting corporate margins. He reiterated that the GST voting structure - central government holding one-third and states two-thirds of votes, requiring a three-fourths majority for reforms - had previously allowed the centre to block changes, and urged prompt fiscal relief to offset state revenue losses.