https://www.taxtmi.com/news?id=54024 The document urges a GST compensation mechanism to accompany rate rationalisation, insisting on a robust revenue protection framework to prevent financial instability and preserve states' fiscal autonomy. It advocates that proceeds from an additional levy on sin and luxury goods be fully transferred to states to offset revenue loss, ensuring compensation supports vulnerable populations and sustains states' capacity for social welfare. It also notes a request for central assistance and a special package for flood relief tied to damage assessment. en-us Fri, 29 Aug 2025 19:46:03 +0530 Fri, 29 Aug 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54024 The document urges a GST compensation mechanism to accompany rate rationalisation, insisting on a robust revenue protection framework to prevent financial instability and preserve states' fiscal autonomy. It advocates that proceeds from an additional levy on sin and luxury goods be fully transferred to states to offset revenue loss, ensuring compensation supports vulnerable populations and sustains states' capacity for social welfare. It also notes a request for central assistance and a special package for flood relief tied to damage assessment. News - Fri, 29 Aug 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=54024