<h1>Finance minister seeks compensation for Rs 8,000-10,000 crore revenue loss after GST two-rate switch and higher US tariffs</h1> The state finance minister met the 16th Finance Commission to report anticipated fiscal shortfalls from recent GST rate rationalisation (two-rate structure to take effect Sept 22), supporting the change but seeking compensation for an estimated annual revenue loss of Rs 8,000-10,000 crore, including about Rs 6,300 crore in goods tax receipts, and an additional estimated Rs 2,500 crore hit from higher US tariffs affecting exports. A supplementary memorandum was submitted requesting favorable consideration, citing a long-standing decline in the state's share of the divisible tax pool and urging equitable treatment in the Commission's upcoming recommendations due by Oct 31.