West Bengal Finance Minister Asim Dasgupta, who is also the chairman of the commitee, said that the states would forego revenues of Rs 8,000 crore due to the cut in sales tax in the remaining part of the financial year.
"We would soon meet the Finance Minister P Chidambaram to discuss the issue. At least 50 per cent of the loss should be met by the central government," Dasgupta said.
On the issue of reduction in sales tax of aviation fuel prices, Dasgupta said: "We will seek further data from the civil avaition ministry. The issue will be discussed on the 21st of this month in our meeting in Srinagar."
Dasgupta said there should be sought clarification from the central government on the the policy of fixing the price of petroleum products. The committee also said that the basic price of petroleum products (price before various taxes are added) should be uniform across states.