A state representative discusses the erosion of states’ fiscal autonomy under the current GST regime, arguing it has become a centralizing tool. The speaker states, “after GST, I would straight away say the fiscal autonomy of the state is now taken away.” The Centre is accused of using cesses and surcharges to its advantage, which directly impacts states’ revenues. Referencing a recent GST meeting in Delhi, the representative clarifies that eight opposition-ruled states are not against rate rationalization if it benefits consumers. However, the potential financial loss for states, estimated between ₹83,000 to ₹2.15 lakh crore, is a major concern without an assurance of compensation. For a state like Tamil Nadu, this could mean a loss of ₹5,000 to ₹10,000 crores, jeopardizing infrastructure and social development projects. The speaker calls for consensus-based decisions, upholding the spirit of cooperative federalism. #gst #fiscalautonomy #gstcouncil #centrestate #raterationalization #cooperativefederalism #taxrevenue #statefinances #tamilnadu #surcharge #uniongovernment #indianeconomy #taxpolicy #statevscentre
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