https://www.taxtmi.com/news?id=56119 The Union declined a separate state compensation scheme for GST rate cuts, asserting that under the GST Council's distribution framework a revenue shortfall is shared between Centre and states because a large portion of the Centre's receipts is devolved back; the Minister invoked the GST Council equality principle and rejected a donor-donee model. The rate rationalisation is presented alongside measures to curb misclassification and gaming and as part of "GST 2.0" reforms intended to boost demand. en-us Thu, 18 Sep 2025 19:31:03 +0530 Thu, 18 Sep 2025 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56119 The Union declined a separate state compensation scheme for GST rate cuts, asserting that under the GST Council's distribution framework a revenue shortfall is shared between Centre and states because a large portion of the Centre's receipts is devolved back; the Minister invoked the GST Council equality principle and rejected a donor-donee model. The rate rationalisation is presented alongside measures to curb misclassification and gaming and as part of "GST 2.0" reforms intended to boost demand. News - Thu, 18 Sep 2025 19:31:03 +0530 https://www.taxtmi.com/news?id=56119