Click it and Unblock the Notifications
Just In
Don't Miss
-
Bigg Boss Malayalam 6 Voting Result: Not Abhishek; THIS Contestant Leads With Highest Votes On Mohanlal’s Show -
WhatsApp Rolls Out Chat Filters to Allow Users to Find Messages with Ease: Here’s How to Use it! -
Pakistan vs New Zealand 1st T20I Match Preview, Key Players, Injury Update, Squad, Other Details -
India's Automobile Market: Diesel Cars Maintain Their Ground Amidst Petrol Shift -
Voda Idea Raises About Rs 5,400 Crore From Anchor Investors, Closes Anchor Book Allocation -
Sara Ali Khan Aces Summer Fashion In Animal Print Saree, Bookmark Her Chic Saree Choices! -
UPSC Success Story: An IITian, A Government Job Holder at Railways, Quit the Job and Emerged as an IAS -
From Coconut Breaking on Head to Men Dressing as Women: 12 Unique Indian Rituals Explored
Andhra to suffer Rs.4,700 crore loss every year due to GST
Vijayawada, Aug 5: Andhra Pradesh will suffer a loss of Rs 4,700 crore every year on account of implementation of Goods and Services (GST) tax, state Finance Minister Y. Ramakrishnudu said on Thursday.
He said the central government should compensate the state to the tune of Rs 23,500 crore for five years, adding it was the central government's responsibility to ensure that injustice was not done to states due to the GST.
Ramakrishnudu, however, welcomed the passage of constitutional amendment bill in Rajya Sabha. He said the Telugu Desam Party (TDP) and all other parties supported the bill in the larger interest of the country.
The finance minister said the TDP always supported tax reforms. He said unified tax good was good for both the centre and states.
Ramakrishnudu feels that with GST regime, tax on goods may come down but the same on services will go up.
IANS
