India, Sept. 21 -- West Bengal chief minister Mamata Banerjee on Sunday flagged the loss of revenue for states due to the Goods and Services Tax (GST) regime overhaul. She emphasised that the Bharatiya Janata Party (BJP)-ruled states will be compensated in some form or another, but what will happen to states like theirs? Banerjee said the overhaul will reduce West Bengal's revenue by Rs.20,000.

Banerjee made the comments at the inauguration of a Durga Puja in Kolkata, minutes after Prime Minister Narendra Modi addressed the nation, and said that the GST reforms, kicking in from Monday, will accelerate growth. He called it an important step for self-reliance and prosperity.

Banerjee said she is happy that citizens will benefit. "We [Trin...