GST cut only if states agree to higher cess

The Times of India (New Delhi edition) - - Times Sport -

The Cen­tre is likely to send a mes­sage to states that a cut in GST is only pos­si­ble if the com­pen­sa­tion cess on lux­ury and sin goods, such as to­bacco, soft drinks and cars, is hiked or its cov­er­age ex­panded to in­clude more prod­ucts. Al­ter­na­tively, the states will have to give up a por­tion of the com­pen­sa­tion from the Cen­tre for any “rev­enue loss” since the kitty is al­ready stretched.

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