https://www.taxtmi.com/news?id=30179 The Chief Minister alleges a substantial shortfall in the Union government's allocation to Karnataka, arguing the state's significant GDP and GST contributions are not reflected in central tax devolution and grants. He attributes the shortfall to a reduction in Karnataka's tax share under the 15th Finance Commission, quantifies the resulting five year loss, and asserts the denial of a recommended compensatory special grant. The statement frames the issue as inequitable resource allocation within fiscal federalism, criticises state political leaders for not advocating the state's entitlement, and calls for public mobilisation to claim the state's fiscal rights. en-us Mon, 13 Jan 2025 19:16:02 +0530 Mon, 13 Jan 2025 19:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30179 The Chief Minister alleges a substantial shortfall in the Union government's allocation to Karnataka, arguing the state's significant GDP and GST contributions are not reflected in central tax devolution and grants. He attributes the shortfall to a reduction in Karnataka's tax share under the 15th Finance Commission, quantifies the resulting five year loss, and asserts the denial of a recommended compensatory special grant. The statement frames the issue as inequitable resource allocation within fiscal federalism, criticises state political leaders for not advocating the state's entitlement, and calls for public mobilisation to claim the state's fiscal rights. News - Mon, 13 Jan 2025 19:16:02 +0530 https://www.taxtmi.com/news?id=30179