GST reforms may reduce J&K revenue by 10-12 pc, severely impacting fiscal position: CM Omar Abdullah https://www.taxtmi.com/news?id=54484 The Chief Minister urges establishment of fiscal stability safeguards and a compensatory mechanism to protect States and UTs from revenue losses caused by GST rate rationalisation, while endorsing the two-tier GST structure and demanding systemic guarantees that benefits accrue to consumers and that there is no scope for profiteering. en-us Wed, 03 Sep 2025 18:46:03 +0530 Wed, 03 Sep 2025 18:46:03 +0530 TaxTMI RSS Generator GST reforms may reduce J&K revenue by 10-12 pc, severely impacting fiscal position: CM Omar Abdullah https://www.taxtmi.com/news?id=54484 The Chief Minister urges establishment of fiscal stability safeguards and a compensatory mechanism to protect States and UTs from revenue losses caused by GST rate rationalisation, while endorsing the two-tier GST structure and demanding systemic guarantees that benefits accrue to consumers and that there is no scope for profiteering. News - Wed, 03 Sep 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=54484