Revanth Reddy demands Centre to compensate for revenue loss due to GST rationalisation

Chief Minister A Revanth Reddy demanded that the union government compensate Telangana for the revenue loss of Rs 7000 crore caused by the new GST rate rationalisation. He said the GST changes would have an adverse impact on State



revenues.

He urged the Centre to support States that bear the brunt of the new GST structure. “We are demanding the Centre to address the concerns raised by Telangana on losing revenues after the introduction of the GST rate rationalisation,” he said.