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GST Rate Rationalization Must Protect States’ Finances, Says Punjab FM Harpal Singh Cheema

By TNI Team August 30, 2025 000 crore additional levy Central government centre compensation cess compensation mechanism consultation meeting cooperative federalism corporate houses disaster relief federal structure finance ministers fiscal autonomy fiscal stress GST rate rationalization GST rollout 2017 Harpal Singh Cheema Himachal Pradesh Inflation Jharkhand karnataka Karnataka Bhawan kerala luxury goods pending ₹50 poor people Punjab Finance Minister punjab floods Punjab losses revenue losses revenue neutrality revenue protection framework revenue stabilization sin goods social welfare special relief package state finances Telangana Union Government welfare programs West Bengal ₹1.11 lakh crore ₹60

Punjab’s Finance Minister warned that GST rate changes without compensation could destabilize states’ finances. He advocated for protecting state revenue and supporting social welfare programs. Punjab seeks relief from the Centre for flood damage and is owed significant GST compensation.

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