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AP wants Centre to bear revenue loss
Andhra Pradesh has urged the Centre to reimburse the revenue loss sustained through GST. AP Finance Minister Yanamala Ramakrishnudu, who attended the 22nd GST meeting here on Friday, said that Andhra Pradesh\'s due was Rs 175 crore but only Rs 116 crore was reimbursed so far. “This is a problem area as all the states were complaining of meagre reimbursements,” he said.
New Delhi: Andhra Pradesh has urged the Centre to reimburse the revenue loss sustained through GST. AP Finance Minister Yanamala Ramakrishnudu, who attended the 22nd GST meeting here on Friday, said that Andhra Pradesh's due was Rs 175 crore but only Rs 116 crore was reimbursed so far. “This is a problem area as all the states were complaining of meagre reimbursements,” he said.
AP had been given only Rs 43 crore towards cess and there was a huge gap in the calculations of the state government and the Centre in this regard, he said. Stating that the meeting discussed e-way bills issue, Yanamala said that there was every possibility of calculations going awry without these bills. The suggestion was welcomed by all states, he said. However, there was no discussion on the issue of exemptions to ongoing projects and granite industry proposed by the state government, he said.
