5 months ago
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Welcoming the simplification of GST rates successful the 56th GST Council, Chief Minister Siddaramaiah connected Friday said the maturation of gross GST postulation during September to November 2025 has slowed down to 3.3% arsenic against 9% successful the corresponding play of the erstwhile year, pursuing rationalisation of taxation rates.
Acting successful faith
In a missive to Prime Minister Narendra Modi, the Chief Minister said “States person acted with implicit religion and successful afloat tone of cooperative federalism by accepting the Centre’s rationalisation proposals successful their entirety”, and demanded compensating the State for the gross loss.
Mr. Siddaramaiah said the existent nett home GST maturation complaint for the state had registered a 1.7% year-on-year successful maturation for the 3 months affected by rationalisation (September to November) arsenic against a steadfast maturation complaint of 8.9% successful the corresponding play of the erstwhile year. “This is simply a immense 7% diminution successful the station rationalisation of taxes. If the aforesaid inclination continues for the remainder of the twelvemonth against estimated nett GST postulation of ₹15.5 lakh crore (10% maturation complaint arsenic of the erstwhile year), we whitethorn registry a postulation of ₹14.6 lakh crore, which is simply a abbreviated autumn of ₹85,000 crore for the existent twelvemonth alone,” helium said.
Severe reduction
“Karnataka GST numbers besides bespeak this signifier of terrible simplification successful GST collections. The State recorded a 3.1% maturation complaint successful nett GST postulation from September to November, and based connected existent trends, we foresee a gross shortfall of ₹5000 crore this year. For 2025-26, this translates into a ₹9000 crore shortfall,” Mr. Siddaramaiah said successful the letter
This excluded the further nonaccomplishment of astir ₹9,500 crore owed to the non-merger of the compensation cess, the Chief Minister said.
