Kerala Finance Minister proposes 60:40 GST revenue split in favor of states at GST Council meeting.

Kerala Finance Minister K N Balagopal proposed a 60:40 GST revenue sharing split in favor of states during a GST Council meeting, up from the current 50:50 split. He also urged for including state details in GSTR-8 forms for e-commerce transactions, and requested a review of the anti-profiteering sunset clause. The GST Council agreed to re-examine the IGST system within 10 days and address revenue loss issues.

June 23, 2024
3 Articles

Further Reading