{"id":72342,"date":"2025-08-18T15:16:03","date_gmt":"2025-08-18T09:46:03","guid":{"rendered":""},"modified":"2025-08-18T15:16:03","modified_gmt":"2025-08-18T09:46:03","slug":"centre-states-equal-stakeholder-in-gst-revenues-shared-equally-govt-source","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=72342","title":{"rendered":"Centre, States equal stakeholder in GST, revenues shared equally: Govt source"},"content":{"rendered":"<p>Centre, States equal stakeholder in GST, revenues shared equally: Govt source<BR>GST<BR>Dated:- 18-8-2025<BR>PTI<BR>New Delhi, Aug 18 (PTI) Amid concerns about the revenue impact of the Centre&#39;s pro-middle-class &#39;Next Gen GST&#39; with a proposed two-slab structure, government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.<br \/>\n Under the current Goods and Services Tax (GST) framework, revenues are shared equally between the Centre and the states. Additionally, 41 per cent of the Centre&#39;s share of the divisible tax pool is allocated to states as per the Finance Commission&#39;s recommendations.<br \/>\n &#8220;Centre has equal conc<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=52769\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>to the Group of Ministers on GST rate rationalisation a 2-tier rate structure of 5 per cent and 18 per cent for \u2018merit\u2019 and \u2018standard\u2019 goods and services, and a 40 per cent rate for about 5-7 goods. The proposal entails doing away with the current 12 and 28 per cent tax slabs.<br \/>\n Currently, states have exclusive taxation rights over land and petroleum products. Also, the Centre, under a special assistance scheme, is giving a 50-year interest-free loan for capital expenditure to states.<br \/>\n Besides, the health and education cess and other cess collected by the Centre go towards funding state development and welfare needs through various central government schemes and initiatives.<br \/>\n Compensation cess, which goes entirely to the states, a<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=52769\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Centre, States equal stakeholder in GST, revenues shared equally: Govt sourceGSTDated:- 18-8-2025PTINew Delhi, Aug 18 (PTI) Amid concerns about the revenue impact of the Centre&#8217;s pro-middle-class &#8216;Next Gen GST&#8217; with a proposed two-slab structure, governme<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-72342","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/72342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72342"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/72342\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}