States have asked centre for adequate compensation for their revenue loss due reduction in the Central Sales Tax -CST. Otherwise, the levy should be increased to the earlier rateof 4 per cent. Empowered Committee of the State Finance Minister in New Delhi also finalised a negative list of 35 services, which will notbe taxed under proposed Goods and Services Tax – GST regime.Bihar Deputy CM and Finance Minister Sushil Kumar Modi told reporters later that if the government does not release compensation then Center should revert to the CST levy of 4 per cent from the present 2 per cent level.The Centre is trying to phase-out the CST to usher in the new GST regime with a single tax merging excise, service tax and states tax, like value-added tax, entry tax and purchase tax.