https://www.taxtmi.com/news?id=52769 The Centre and states are equal partners in GST revenue sharing under the GST Council, with the divisible tax pool shared equally and parts of the Centre's allocation directed to states per Finance Commission recommendations. The Centre has proposed moving to a two-slab rate structure with a separate high rate for a short list of goods; officials assert this rationalisation will raise revenues over time and enhance tax buoyancy for states. Existing fiscal mechanisms-compensation cess allocations, central cesses funding state schemes, and interest-free loans for capital expenditure-are described as supporting state finances. en-us Mon, 18 Aug 2025 15:16:03 +0530 Mon, 18 Aug 2025 15:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52769 The Centre and states are equal partners in GST revenue sharing under the GST Council, with the divisible tax pool shared equally and parts of the Centre's allocation directed to states per Finance Commission recommendations. The Centre has proposed moving to a two-slab rate structure with a separate high rate for a short list of goods; officials assert this rationalisation will raise revenues over time and enhance tax buoyancy for states. Existing fiscal mechanisms-compensation cess allocations, central cesses funding state schemes, and interest-free loans for capital expenditure-are described as supporting state finances. News - Mon, 18 Aug 2025 15:16:03 +0530 https://www.taxtmi.com/news?id=52769