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Wed, Jul 18, 2018 | Last Updated 10:22 am IST

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AP state government opposes natural gas under GST

AP state government opposes natural gas under GST
AP state government opposes natural gas under GST
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Andhra reports stated that amidst reports that natural gas would brought under the GST, Andhra Pradesh state government made a strong statement that it opposes the move to bring natural gas within the ambit of the GST. Meanwhile it said that the proposal would further make the state lose substantial revenue.



Moreover when referring to several news reports, AP Finance Minister Yanamala Ramakrishnudu said the proposal was not even circulated to the states. Furthermore in a statement, Yanamala also opposed any move to include any petroleum product under GST. He said issuing of statements by the officials of the council on such sensitive policy issues cannot be accepted. Ramakrishnudu said Andhra Pradesh secured revenue of Rs 523 crore on sale of natural gas in 2017-18.  

AP state government opposes natural gas under GST

The state finance minister added "The state has already lost autonomy in raising fiscal resources with the introduction of GST. Presently, inclusion of natural gas in GST will further affect the revenue position. For this reason, we oppose inclusion of other petroleum products also under GST”. Moreover Yanamala claimed that the group of ministers, constituted by the GST council to deliberate on various issues and make recommendations, was issuing statements to the media before they were put up in the council.

AP state government opposes natural gas under GST

AP state government opposes natural gas under GST
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