11 states may see Rs 9,500 crore revenue loss this year under GST

Even though as a whole states' revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST , 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year, says a report. "All states combined will grow at a CAGR of 16.6 per cent in FY18 over FY16 under the new goods and services tax regime, but since the picture at the individual state level differs,…