{"id":73183,"date":"2025-09-11T19:16:03","date_gmt":"2025-09-11T13:46:03","guid":{"rendered":""},"modified":"2025-09-11T19:16:03","modified_gmt":"2025-09-11T13:46:03","slug":"kerala-fm-meets-finance-commission-chief-apprises-about-revenue-loss-on-gst-rate-cuts","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=73183","title":{"rendered":"Kerala FM meets Finance Commission chief; apprises about revenue loss on GST rate cuts"},"content":{"rendered":"<p>Kerala FM meets Finance Commission chief; apprises about revenue loss on GST rate cuts<BR>GST<BR>Dated:- 11-9-2025<BR>PTI<BR>New Delhi, Sep 11 (PTI) Kerala Finance Minister K N Balagopal on Thursday apprised the 16th Finance Commission about the state&#39;s expected revenue loss due to the GST rate rationalisation.<br \/>\n Last week, the Goods and Services Tax (GST) Council approved a two-rate structure  5 and 18 per cent  a move that will bring down the prices of a large number of items. The revised structure will be in force from September 22.<br \/>\n While supporting the GST rate rationalisation, Kerala has flagged concerns about potential annual revenue loss of Rs 8,000 to 10,000 crore for the state and has demanded compensation.<br \/>\n Briefing media in th<\/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=55411\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>\n He expressed hope that the Finance Commission will consider its submissions positively.<br \/>\n Kerala&#39;s share from the divisible pool came down to 1.92 per cent during the 15th Finance Commission period compared to 3.87 per cent during the 10th Finance Commission  a scenario which the state has been raising concerns about for long.<br \/>\n &#8220;Development should not be a negative thing&#8230; we (Kerala) need to get justice,&#8221; Balagopal said.<br \/>\n Members of the 16th Finance Commission are Annie George Mathew, Manoj Panda, T Rabi Sankar and Soumya Kanti Ghosh. The Finance Commission is expected to submit its report to the Centre by October 31.<br \/>\n The Finance Commission&#39;s key role is to make recommendations on the distribution of net proceeds of tax between the <\/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=55411\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kerala FM meets Finance Commission chief; apprises about revenue loss on GST rate cutsGSTDated:- 11-9-2025PTINew Delhi, Sep 11 (PTI) Kerala Finance Minister K N Balagopal on Thursday apprised the 16th Finance Commission about the state&#8217;s expected revenue <\/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-73183","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73183","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=73183"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73183\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}