https://www.taxtmi.com/news?id=55423 Dispute over recent GST rate cuts features the state warning of a revenue shortfall and seeking compensation, while the BJP state president rejects that claim, arguing lower rates, removal of taxes on medicines and food, and higher income tax exemptions will boost purchasing power and overall tax receipts; the exchange raises fiscal federalism and compensation mechanism issues when central tax reforms affect state revenues. en-us Thu, 11 Sep 2025 21:01:03 +0530 Thu, 11 Sep 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=55423 Dispute over recent GST rate cuts features the state warning of a revenue shortfall and seeking compensation, while the BJP state president rejects that claim, arguing lower rates, removal of taxes on medicines and food, and higher income tax exemptions will boost purchasing power and overall tax receipts; the exchange raises fiscal federalism and compensation mechanism issues when central tax reforms affect state revenues. News - Thu, 11 Sep 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=55423