Jayalalithaa Express Her Concerns To PM Modi GST Impacts

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modi-jayalalithaa

NEW DELHI:  Tamil Nadu Chief Minister J Jayalalithaa expressed her concerns about the Goods and Services Tax or GST, which aims to bring the country under a unified tax regime.
Ms J Jayalalithaa met Prime Minister Narendra Modi this evening and expressed her concerns.

“GST impacts the fiscal autonomy of states like Tamil Nadu… Expect big revenue loss for manufacturing state like Tamil Nadu,” Ms Jayalalithaa said in a memorandum which was submitted to PM Modi with 29 demands.

“A number of concerns of Tamil Nadu need to be addressed by the Centre on GST… petroleum products must be kept out of GST,” the memorandum said.

Earlier today, Finance Minister Arun Jaitley said that the GST, which has been stalled by a stalemate for years, has earned the support of virtually all states except Tamil Nadu.

Mr Jaitley met finance ministers of 22 states states and representatives from seven others in Kolkata today in hopes of fostering a consensus on the contentious Bill.

“All states have virtually supported GST. Only Tamil Nadu has expressed some reservations,” Mr Jaitley said.