Former finance minister Buggana Rajendranath criticizes the state government for allegedly misrepresenting GST collection growth. He claims the government inflated figures by including the Centre's share, masking a negative growth of -0.91% in SGST revenues compared to the previous year. He also points out the state's own tax revenue achievement is only 23.11% against the budget estimates.
VIJAYAWADA: Former finance minister Buggana Rajendranath has lashed out at the state govt for making false claims about the GST collections growth rate in the state. He said that state govt’s claims demonstrate the extent to which it can stoop to misrepresent a depressing result to make it appear as a stupendous success. Speaking to media here on Monday, Buggana said that the govt stated that GST revenues projected in the budget for FY 2025-26 at Rs. 27,477.15 crores and the GST revenues for the first four months of current fiscal were Rs. 16,754 crores. “The govt apparently celebrates this extraordinary performance that could demonstrate 61% accomplishment of target for the year insofar as GST revenues are concerned. However, the truth is far away from what govt claims," said Buggana. He said that the CAG monthly key indicators conveys that the GST revenues for the first 4 months of this financial year are Rs. 16,754.91 crores. However, the CAG report also conveys that this figure includes receipts on account of CGST as part of State’s share in central taxes. This does not reflect the...
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