MK Stalin Claims States Bear Half the GST Relief

By BPN News Desk September 24, 2025

South India State News

Tamil Nadu Chief Minister M. K. Stalin has accused the central government of delaying promised Goods and Services Tax (GST) rate cuts and said that states are bearing 50% of the relief intended for taxpayers. On “Rs 2.5 Lakh Crore” Savings Claim Stalin questioned Prime Minister Narendra Modi’s

Business Finance

Karnataka Says States to Lose ₹1.5 Lakh Crore from GST 2.0

By BPN News Desk September 23, 2025

Karnataka Revenue Minister Krishna Byre Gowda has warned that the new GST 2.0 structure could cost states between ₹1 lakh crore and ₹1.5 lakh crore in lost revenue. Speaking to NDTV, he said the changes would unfairly burden state governments. Centre vs States: Who Bears the Burden? According to Gowda, the Centre is projected to […]

Economy National

GST Reforms Must Safeguard State Revenues, Says Stalin

By BPN News Desk August 29, 2025

Tamil Nadu Chief Minister M.K. Stalin cautioned that Goods and Services Tax (GST) reforms cannot genuinely benefit the public unless they protect states’ revenues. He stressed that financial security for states is essential even as the Centre moves ahead with rate rationalisation. States Unite Ahead Of Council Meet Stalin’s remarks came as eight opposition-ruled

Economy National

5 States Make Up Half of India’s GST Taxpayers

By BPN News Desk July 22, 2025

A recent SBI Research report shows that five states—Uttar Pradesh, Maharashtra, Gujarat, Tamil Nadu, and Karnataka—together account for nearly 50% of all active GST taxpayers in India, eight years after GST implementation. UP Leads the Pack Uttar Pradesh tops the list with 13.2% of active GST registrations. Maharashtra follows at 12.1%, Gujarat at 8.4%, Tamil […]

Economy National

Centre Proposes Reduction in States’ Tax Share from FY27

By BPN News Desk February 27, 2025

The central government is reportedly considering a reduction in the tax revenue share allocated to states, starting from the fiscal year 2026-27. This proposal, if implemented, could have far-reaching implications for state finances and their ability to fund various developmental projects. Proposed Changes in Tax Revenue Distribution Currently, states receive 42% of the