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

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 and