AP may suffer revenue loss of 410 cr due to GST - ABN
Sat, Apr 14, 2018, 10:53 AM
All the states had informed the Centre that they would lose revenue once GST is implemented. The NDA government had agreed to compensate loss to states for five years. For the months of November and December in 2017, the AP government has to receive GST compensation amount of Rs 410 crore. The Central government had sanctioned Rs 589 crore to state under the IGST. When the state asked to release GST compensation amount, the NDA government is reportedly evading the payment. As a result, the AP government is likely to suffer revenue loss of Rs 410 crore.