Wrong interpretation.Absolutely bro. Any money collected as tax will always be from States.
So states should have more freedom to choose how will they spend their monetary share which was not possible in earlier
States have to keep their share of 40% or 50% money to get rest of the money from Union Govt which they used to contribute 10% or 20%.
So they have less money for any specific schemes for their state.
Indirectly loss to the states.