Finance Ministers meet on July 20

Finance Ministers various States, including Andhra Pradesh, who have alleged injustice in the devolution of Central funds and flagged their concerns on certain anomalies in the Goods and Services Tax (GST), are going to meet once again on the eve of the GST Council meeting scheduled for July 21 to decide how to get the issues resolved.

This was stated in a press release by Finance Minister Yanamala Ramakrishnudu, who alleged that the Central government was arm-twisting the States in the implementation of the new indirect tax regime and the voting system in the GST Council was not proper.

He demanded that the officials of the States should have a say in the functioning of the GST Council.

Mr. Ramakrishnudu said bringing petroleum and natural gas, and real estate into the purview of the GST would usurp the powers of States to levy their taxes. As a consequence, the States would incur heavy losses.

He argued that the Centre should compensate the States for the losses caused by the GST from its revenues instead of the cess, and slabs reduced to save the common people from the tax burden.

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