"The GST Bill drafted by the BJP, if allowed to be passed in its current form, will adversely impact the financial autonomy and revenue of local bodies of states," senior Congress leader Ahmed Patel told PTI.
His remark came on a day when state finance ministers failed to iron out certain minor differences over the proposed GST.
The GST Bill, which will subsume all indirect taxes to create one rate and integrate the country into a single market, has been approved by the Lok Sabha and is pending approval of the Rajya Sabha.
"We are protesting this move (imposition of GST) and are demanding that interests of local bodies be protected at any cost. If the Bill is passed in current form, local bodies in Gujarat and other states will loose control over Rs 12000 crore of revenue," he said.
Patel said that his party was "adamant" on the financial independence of local bodies as it is very important and vital to their functioning.