Vijayawada, Mar 20: The Andhra Pradesh Finance Minister Yanamala Ramakrishnudu has written a letter to the Union minister Arun Jaitley asking for higher compensation citing discrepancy in the revenues considered for the year 2015-16.
"I am to state that the Government of India has been transferring compensation amount to the states which did not get projected revenues as per the GST(Compensation to the States) Act,2017 and the state of Andhra Pradesh also got Rs 382 Crore towards compensation so far. I wish to inform that the state of Andhra Pradesh will have to get a higher compensation amount for the following reason," RamaKrishnudu wrote in the letter.
The state finance minister further highlighted that the base year revenue of the year 2015-16 fixed for the state of Andhra Pradesh is required to be modified as certain amounts mentioned under the subsumed taxes are not correctly reflected.
The advertisement tax collected by local bodies and excise duty on medicinal and toilet preparations by state excise department during the year 2015-16 were not taken into consideration, Ramakrishnudu stated in the letter, issued on Sunday.
Further, the Petroleum oil companies paid VAT and CST on Furness Oil, LPG, Kerosene etc. (subsumed under GST), during the year 2015-16, but the same was also included under the revenue of five non GST goods (Petrol, HSD, Petroleum Crude, ATF and Natural Gas) and the relevant revenue was deducted from VAT and CST revenues while arriving at the base year revenue, the letter further read.
It is noticed that Rs 319.67 Cr tax on local sales of Furness 00, LPG, Kerosene etc was not included in the VAT revenues of Rs 11941.34 Crore and Rs. 77.94 Crore tax on interstate sales of Furness Oil, LPG, Kerosene etc was not included under CST of Rs 993.57 crore in the subsumed revenue for the year 2015-16, Ramakrishnudu highlighted.
"Therefore, I request to consider revising the base year (2015-16) revenue as I, 13876.38 Cr and revenue to be protected as Rs 1502.81 Cr per month instead of Rs 1457 Cr per month for the current year 2017-18 and sanction compensation to the state of Andhra Pradesh accordingly," he stated.
New Delhi, April 20: It is well known now that the assistant professor ms.nirmaladevi is stuck in a controversy.Where it is alleged that she is sending the girls of the Aruppukottai Devangar college f ..Written by : SMTV24x7 | 03:10 PM
Amaravati, April 20: The YSRCP MLA Mrs. Roja is pouring in her criticisms regarding the fast conducted by the Andhra Pradesh chief minister Mr. Chandrababu Naidu. She has opined that if the 25 MPs ..Written by : SMTV24x7 | 02:53 PM
Hyderabad, April 20: Janasena Supremo Pawan Kalyan, in a series of tweets, condemned the ongoing attack on him by media today. He directly named Andhra Pradesh IT Minister Lokesh, Srin Raju, TV 9 R ..Written by : SMTV24x7 | 01:02 PM
Bangalore, April 19: BJP's chief ministerial candidate BS Yeddyurappa has made sensational comments ahead of Karnataka elections here on Today. he said that, he would win the seat by of margin of a ..Written by : SMTV24x7 | 08:59 PM
Amaravati, April 19: The stage is all set and the preparations are all going well for the fast that is to be conducted by the chief minister of Andhra Pradesh Mr. Chandrababu Naidu in the Indira Gandh ..Written by : SMTV24x7 | 08:36 PM
Hyderabad, April 12: Nagarjuna's song "Ninnu Roddu Meeda Chusnadi Laggayithu" one of the most popular songs in 1990's. The Song has got a tremendous response in that time. The SOng was super hit film ..Written by : SMTV24x7 | 05:04 PM
Hyderabad, Apr 10: Preparations related to NTR Rama Rao biopic are ongoing. Bala Krishna is playing the role of NT Rama Rao while the rest of the cast has to be finalized. The selection process for th ..Written by : SMTV24x7 | 02:13 PM
Hyderabad, Apr 03: Power star Pawan Kalyan has congratulated on the hit of Rangasthalam team here on today. Pawan spoke to Charan after watching "Rangasthalam" on the special screen, he told that h ..Written by : SMTV24x7 | 04:47 PM
Hyderabad, Mar 26: The Tollywood Gorgeous actress Anushka Shetty had a fabulous start to 2018 with the solid success of Bhaagamathie. Although there have been several rumors on her future projects ..Written by : SMTV24x7 | 03:04 PM
Manipur, April 20: A massive Fire accident ha ..
New Delhi, April 20: Here is the shocking new ..
New Delhi, April 20: In yet another shameful ..
New Delhi, April 20: It is well known now tha ..
Bangalore, April 19: BJP's chief ministerial ..
New Delhi, April 19: Senior BJP leader Dharam ..
New Delhi, April 19: The website of the Supre ..
New Delhi, April 19: Have you been held up, o ..
New Delhi, April 18: The Central government o ..
Hyderabad, April 18: The CPI-M on Wednesday d ..
New Delhi, April 18: After a busy day in Stoc ..
London, April 17: The nerve agent used to poi ..
Nepal, Apr 17: In a ghastly incident, A bomb ..
Bangalore, April 17: Soon after facing worldw ..
Houston, April 17: A shooting at a nightclub ..
Tehran, April 17: The Iranian Foreign Ministr ..
Tokyo, April 16: Japanese Foreign Minister Ta ..
Dhahran (Saudi Arabia), April 15: The 29th Ar ..
Washington, April 14: The US, UK and France l ..
Naypyidaw, April 13: Myanmar has said that th ..
Kolkata, April 18: Indian pacer Mohammed Sham ..
New Delhi, April 17: On the back of her gruel ..
Mumbai, April 17: Indian Cricket Legend, Sach ..
Gold Coast (Australia), April 15: The star ba ..
New Delhi, April 14: India's most decorated b ..
New Delhi, April 13: As we knew that, Indian ..
New Delhi, April 12: India's women's hockey t ..
New Delhi, April 12: Here is the cheerful mom ..
Gold Coast, April 11: India's star singles sh ..
New Delhi, April 11: Chennai Super Kings (CSK ..
New Delhi, April 19: According to a new repor ..
New Delhi, April 16: Gmail is getting a redes ..
US, Apr 08: Most people are likely to choose ..
New Delhi, Apr 04: WhatsApp for iOS has been ..
Hyderabad, Mar 31:Here some summer tips for f ..
Mumbai, Mar 29: Bharti Airtel has announced a ..
New Delhi, Mar 25: Older adults who have slow ..
New Delhi, Mar 25: Bharti Airtel, the leading ..
Generally, every man has a desire to change t ..
Generally, we have been getting bored with ou ..