STATE LOSES REVENUE OF RS 10,000 CRORE DUE TO GST, SAYS ETALA (TELANGANA FINANCE MINISTER)

The implementation of Goods and Services Tax (GST) has resulted in the reduction of revenue of Rs 10,000 crore for Telangana, finance minister Etala Rajender said on Saturday. He said as against an expected revenue of Rs 95,000 crore, Telangana till now has netted only Rs 85,000 crore. The state's growth rate, which was 21.9 per cent before GST, has come down to 14 per cent after the new tax system came into force in July 2017, he added.

Speaking at the general body meeting of the All India Association of Central Excise Officers here, the minister said because of the slowdown caused by GST some state governments are having trouble even paying monthly salaries to employees.
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