GST Likely to Cause Huge Revenue Loss for Tamil Nadu: AIADMK

Amid government efforts to build consensus over GST Bill, AIADMK today stuck to its opposition to the reform measure, insisting that the law would cause huge revenue loss for Tamil Nadu.

Published: 27th November 2015 08:33 PM  |   Last Updated: 27th November 2015 08:33 PM   |  A+A-

By PTI

NEW DELHI: Amid government efforts to build consensus over GST Bill, AIADMK today stuck to its opposition to the reform measure, insisting that the law would cause huge revenue loss for Tamil Nadu.

Participating in the discussion on Committment to the Constitution, AIADMK member K Gopal also raised concerned about the Centre-State relations.

AIADMK has 37 members in the Lok Sabha and 12 members in the Rajya Sabha. Gopal said central governments, whether that of UPA or NDA, have been trying to derail the powers entrusted to the states, adding that the GST (Goods and Services) Bill was one such danger.

The member also said Tamil Nadu Chief Minister J Jayalalithaa has voiced concern about the impact of GST onfiscal autonomy of states. GST is likely to cause huge losses to manufacturing and net exporting states like Tamil Nadu, Gopal noted.

His remarks comes against the backdrop of the Centre seeking support from all parties for the passage of GST Bill. Yesterday, Finance Minister Arun Jaitley said that Prime Minister Narendra Modi is willing to speak to everyone to get the landmark indirect tax law through.

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