Revanth Reddy demands Centre to compensate for revenue loss due to GST rationalisation

Chief Minister A Revanth Reddy has urged the union government to compensate Telangana for Rs 7000 crore revenue loss following GST rate rationalisation. He warned that the changes would adversely affect State revenues and asked the Centre to support States

Hyderabad: Chief Minister A Revanth Reddy demanded that the union government compensate Telangana for the revenue loss of Rs 7000 crore caused by the new GST rate rationalisation. He said the GST changes would have an adverse impact on State revenues.

He urged the Centre to support States that bear the brunt of the new GST structure. “We are demanding the Centre to address the concerns raised by Telangana on losing revenues after the introduction of the GST rate rationalisation,” he said.

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