- Kerala Finance Minister K N Balagopal called for a review of the central-state tax sharing ratio of GST
- He proposed that states should receive 60% share of GST instead of the current 50%
- A decision was made during the GST Council meeting to include details about the state to which the tax should go in the GSTR-8 return
- Kerala has been facing issues with reduced IGST share due to problems in the GST system
- The union government agreed to re-examine the issue within 10 days with the participation of state GST officials
- The next meeting of the GST Council will be held in August or September.
Source: business-standard.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
