Eight Indian states seek compensation for potential revenue losses from GST rate changes.

Eight opposition-ruled Indian states are seeking compensation for potential revenue losses of up to ₹2 lakh crore due to proposed GST rate changes. They propose an additional levy on luxury and sin goods to maintain current tax levels, with proceeds to be shared among states. The states plan to present their proposal at the GST Council meeting on September 3-4, aiming for a five-year compensation scheme to stabilize revenues.