EarbiteNews Posted August 5, 2016 Report Share Posted August 5, 2016 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...See more http://www.earbitenews.com/2016/08/05/gst-andhra-to-suffer-rs-4700-cr-loss-every-year/ To see more updated news go through http://www.earbitenews.com/ Quote Link to comment Share on other sites More sharing options...
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