✊🏾 Without protecting State revenues, #GST reforms cannot serve the people. ▶ Hon'ble Finance Ministers of eight Opposition ruled States met in...
Chief Minister M.K. Stalin endorsed the joint resolution of eight opposition state finance ministers demanding revenue protections under proposed GST reforms.
M.K.Stalin@mkstalinOriginal post
✊🏾 Without protecting State revenues, #GST reforms cannot serve the people.
▶ Hon'ble Finance Ministers of eight Opposition ruled States met in Delhi to deliberate on the Union Govt’s proposed GST rate rationalisation.
▶ While welcoming the intent of reform, we stressed that any reduction must not erode State revenues that sustain welfare programmes and infrastructure. We urged that the benefits of lower rates must directly reach common people.
▶ A consensus draft has been framed and will be placed before the GST Council, seeking support from all States and the Union Govt to safeguard revenue interests and ensure fair outcomes. @TThenarasu
Tamil Nadu Chief Minister M.K. Stalin voiced strong support for the collective consensus reached by the Finance Ministers of eight opposition-ruled states, who convened in New Delhi to formulate a united stance on the Union Government's proposed Goods and Services Tax (GST) rate rationalization. Stalin asserted that tax reforms cannot truly serve the public interest if they systematically erode state revenue streams that sustain vital grassroots welfare initiatives and essential public infrastructure projects.
While welcoming the conceptual objective of rationalizing indirect tax slabs to stimulate consumer demand, the Chief Minister stressed that any rate reductions must be structured without shrinking the fiscal space of state governments. He emphasized that the tangible economic benefits of reduced tax rates must directly reach ordinary citizens rather than being absorbed as corporate profit margins.
Stalin noted that the eight states drafted a comprehensive consensus document to be presented before the GST Council, seeking collective backing from all states and the Union administration. He reiterated that protecting state fiscal autonomy and ensuring timely revenue compensation mechanisms are non-negotiable requirements for preserving healthy federal financial relations in India.