Live
- Gold rates in Vijayawada today slashes, check the rates on 28 November, 2024
- De-silting of Bhadrakali Lake begins
- Street vendors asked to utilise SVANidhi scheme
- AP govt. to distribute elderly pensions a day before amid holiday
- Lingayat Panchamasali community to stage protest on Dec 10
- Mangaluru resident falls prey to APK scam, loses lakhs
- Mysugar factory throws farmers into distress
- Gold rates in Hyderabad today slashes, check the rates on 28 November, 2024
- Deteriorating living conditions in Kuduramukha: Daily wage workers deprived of basic amenities
- JSP hails TTD for setting up committee on Tirumala mutts
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.
