4 years later, our worst fears have been confirmed with GST: Tamil Nadu FM

There is lower income inequality in Tamil Nadu than it is in most places. Therefore, we are also a very high-consumption state, said Tamil Nadu FM Thiagarajan

Topics
Tamil Nadu | Finance Ministry | GST

Dilasha Seth 

After four years of GST implementation neither is there tax buoyancy, nor has the taxation system been made easier, says Tamil Nadu Finance Minister P T R Palanivel Thiagarajan in an interview to Business Standard. The compliance burden is seen to have increased for smaller companies, whereas on the cost side states have suffered a loss of independence.

He tells Dilasha Seth Tamil Nadu is losing crores in revenue and the weighting of votes in the Council should be in proportion to the tax collected from a state. Edited excerpts: You are a new entrant to the four-year-old GST Council ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, July 02 2021. 06:10 IST
RECOMMENDED FOR YOU
.