HYDERABAD: Finance minister Etala Rajender wanted the Central government to give a major share in Goods and Services Tax (GST) revenue to the states.
Speaking at the Empowered Committee of state finance ministers conference at Kolkata on Wednesday, Rajender said states should get a lion's share in GST. Rajender also demanded that the Centre should release CST arrears of Rs 6,000 crore to Telangana immediately. Rajender suggested that the GST compensation should be released on the same year to the states. The finance minister also reiterated the state's demand that the Centre accord special category status to Telangana, a newly formed state.
While imposing taxes, the Centre should give freedom to the states to impose taxes on firms having turnover below Rs 1.5 crore.
The GST structure should be in a scientific manner and it should help states, Rajender suggested.