CHENNAI: Fisheries and Administrative Reforms Minister D Jayakumar on Thursday urged the Centre to grant a special allocation of Rs 2,000 crore to Tamil Nadu to compensate the loss of revenue to the State due to the implementation of the 14th Finance Commission recommendations.
The minister made this request at the meeting of the empowered committee of State Finance Ministers, held in New Delhi.
Answering queries from mediapersons, the minister said the share of tax revenue from the Centre had been reduced from 4.96 per cent to 4.02 per cent by the 14th Finance Commission. So, Tamil Nadu’s tax share from Centre was down by Rs 5,000 crore.
The Minister D Jayakumar said he had reiterated the Tamil Nadu’s government’s stand that petroleum products and alcohol for human consumption should be kept away from the purview of the GST. A discussion on bringing these items into the GST purview was deferred on Thursday as the States pointed out that this should be discussed in depth.