Protecting State Revenues Crucial in GST Rationalization: Karnataka Minister Byre Gowda

Karnataka Revenue Minister Byre Gowda has voiced his support for the rationalization of GST rates while emphasizing the importance of protecting state revenues amidst the proposed changes.

Careful Assessment Needed for Central GST Proposals

In a recent interview with The Hindu, Mr. Gowda, who also serves as a member of the Group of Ministers focusing on rate rationalization, highlighted the need for a thorough evaluation of the impact of the Centre’s proposals. He explained that while streamlining GST rates is a positive step, it’s essential to ensure that states don’t face revenue shortfalls as a result.

Balancing Reform with Revenue Stability

Mr. Gowda’s comments underscore the delicate balancing act involved in GST reform. The aim is to simplify the tax structure and boost economic activity, but this must be achieved without jeopardizing the financial stability of individual states. Further discussions and analysis will be crucial to achieving a sustainable and equitable solution.