GST rollout was a bit rushed, most states seeking compensation: Punjab FM

Punjab Finance minister Manpreet Singh Badal said that Punjab is discussing whether it can remodel its economy from food grain to food industrialisation economy

There are certain flaws in the goods and services tax that are being rectified now, said Punjab Finance minister Manpreet Singh Badal. He told Dilasha Seth that the state was unaware of the extent of losses due to GST. He added that Punjab is discussing whether it can remodel its economy from food grain to food industrialisation economy as pre-GST food grains were taxed and made up for 40 per cent of the tax base.

Most states are facing a revenue shortfall due to GST. Is it in line with the initial expectations?

Besides one or two states, most states