https://www.taxtmi.com/news?id=54784 Karnataka's Chief Minister endorsed GST rate rationalisation to reduce compliance burdens and urged that reductions be passed to consumers rather than captured as higher corporate margins. He called for devolution of the compensation cess collected on certain sin goods to states to mitigate projected revenue shortfalls and invoked the GST Council's voting structure to explain central blocking power, framing cess devolution and pass-through monitoring as necessary protections for state fiscal capacity and consumer welfare. en-us Fri, 05 Sep 2025 19:16:03 +0530 Fri, 05 Sep 2025 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54784 Karnataka's Chief Minister endorsed GST rate rationalisation to reduce compliance burdens and urged that reductions be passed to consumers rather than captured as higher corporate margins. He called for devolution of the compensation cess collected on certain sin goods to states to mitigate projected revenue shortfalls and invoked the GST Council's voting structure to explain central blocking power, framing cess devolution and pass-through monitoring as necessary protections for state fiscal capacity and consumer welfare. News - Fri, 05 Sep 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=54784