Rs. 9000 crore of decrements in GDP income

Hyderabad March 8: In Telangana state, the income tax of Financial year revenue has been decreased when compared to previous year.Near about 9000 crores has been decreased in the current fiscal year.When compared to the previous year 2015-2016 the revenue has been increased but the total amount has not touch to the up to par.Demonetization is the main cause of the issue.Prime Minister Narendra Modi Introduced the Demonetization on November 8, 2016.Entire Telangana has been getting the income by sailing the goods but in this year it may vanish to a further extent. By the end of the financial year 2016-2017 the govt officials are expecting the income up to 52841 crores in various departments like Excise, Transport, Registration Departments etc.But they further said that it hardly reaches to 45000 crores.The govt officials are expecting the growth in Sailing goods is up to 29 % but it will be reached up to only 15%.The GDP has been increased in the previous year 2015-16 when compared to 2014-15.The demonetization effect had been showed here for the first session of Demonetization GDP has been increased while it comes to second part it drastically disappointed in the GDP sector.End of the Feb the income has shown below.Sales Tax = Expected income-42073 gained=31300Stamps- registration = Expected ioncome=4299 gained=3200Trannsport Department = Expected 2899 gained = 2400Excise dept = Expected 4543 gained = 4100