Reportedly even as AP's rightful demands are unfulfilled by the Centre, Andhra Pradesh has set a new record by collecting highest GST tax in the country during 2018-19 financial year. Meanwhile as per reports, AP has collected a whopping Rs 20,746 Crore GST in FY 2018-19 which is highest among the big states in the country.
Previously in 2017-18, when GST was actually implemented for first time, AP had collected Rs 10,826 Crore as the GST for 8 months. Reportedly AP saw a growth of 27.75 percent in GST collection in 2018-19 compared with 2017-18 and AP had received a revenue loss compensation of Rs 280 Crore in the first year of GST implementation, whereas, AP hasn't sought any compensation in the following year.
Moreover since the projected revenue targets have been met every month by AP,
the compensation doesn't arise. Meanwhile AP's projected revenue was estimated
at 1660.99 Crore per month in 2018-19 fiscal, it collected 1728.84 crore on
average thus achieving a growth of 27.75 percent. Hence it is learnt that AP's
GST collection has shocked the officials in the Centre. According to the Finance Department, the protected revenue of AP for this year
is fixed at 1892.99 Crore and the target is to cross 2000 Crore per month.
