The decision in this regard was taken at the state cabinet meeting chaired by Chief Minister Yogi Adityanath in Lucknow.
"The revenue of the state is likely to increase after implementation of the GST in the first session of this government," Cabinet Minister Suresh Kumar Khanna said.
"If there is any burden on the state exchequer due to implementation of the GST, the government will meet it for the next five years. Petroleum products will not be covered under the GST," he said.
"The limit of transfers will be about 20 per cent and Divyangs will be excluded from it," the minister said.
On mining sector, the government has decided to constitute a district-level mining foundation as per the Centre's directives and money collected by it through royalties will be used for people's welfare and other works.
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