https://www.taxtmi.com/news?id=54506 Proposed GST reforms are reported to cause substantial revenue shortfalls for Jharkhand, mainly impacting automobile, cement and other manufacturing sectors, because much of the state's production is consumed outside Jharkhand and benefits accrue to consumer states. The minister urged central compensation and proposed rate rationalisation, a robust revenue protection framework, a supplementary duty on sin and luxury goods, and a guaranteed compensation mechanism including an assured minimum annual transfer to protect state fiscal autonomy under cooperative federalism. en-us Wed, 03 Sep 2025 21:01:04 +0530 Wed, 03 Sep 2025 21:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54506 Proposed GST reforms are reported to cause substantial revenue shortfalls for Jharkhand, mainly impacting automobile, cement and other manufacturing sectors, because much of the state's production is consumed outside Jharkhand and benefits accrue to consumer states. The minister urged central compensation and proposed rate rationalisation, a robust revenue protection framework, a supplementary duty on sin and luxury goods, and a guaranteed compensation mechanism including an assured minimum annual transfer to protect state fiscal autonomy under cooperative federalism. News - Wed, 03 Sep 2025 21:01:04 +0530 https://www.taxtmi.com/news?id=54506