YSRCP chief YS Jagan Mohan Reddy on Saturday cited the CAG’s knowledge for the month of April and claimed Andhra Pradesh’s fiscal efficiency signifies ‘misery’.
The previous chief minister famous that the figures launched by CAG for the month of the April 2025 convey the ‘actual image’. “The State GST revenues for the primary month of this monetary 12 months (April 2025) demonstrated contraction to the tune of 24.20 %, when in comparison with the April 2024,” he stated in a submit on ‘X’.
Although the TDP-led NDA authorities on Could 1 proclaimed that web GST assortment of the state authorities for the month of April 2025 had been the ‘highest’ for the reason that introduction of GST at Rs 3,354 crore, Reddy stated technically web GST will probably be subsequent to all changes.
As quickly because the CAG figures have turn into public, the federal government ‘mischievously’ points yet one more press launch suggesting that even in Could month the GST revenues had been at document excessive, he alleged.
“On this press launch they point out that, in April, 2025, the Central Authorities deducted Rs 796 crores on account of adjustment of advance apportionment from IGST (built-in GST), so GST revenues have come down,” stated Reddy.
In line with the opposition chief, advance apportionment of IGST is accounted for beneath minor head 110 and is a part of SGST (state GST) beneath main head 0006 of presidency accounts.
He stated it is a common course of and web GST revenues could be arrived at after accounting for all these changes, and added that it was the case within the earlier years as properly.
“The Could 1 press launch says that web GST assortment is Rs 3,354 crore for April 2025. Now, they (govt) say that Rs 796 crore is adjusted. One can clearly perceive that that is nothing however a canopy up after reality in regards to the GST income is dropped at gentle by the CAG,” stated Reddy.
Additional, the opposition chief noticed that fairly opposite to what the NDA alliance authorities had urged, the figures launched by CAG point out that the ‘development of financial sluggishness’ is extra pronounced in April with the tax revenues dropping by 12.21 % and non-tax revenues registering a fall of twenty-two % when in comparison with April 2024.
If the state’s personal revenues are considered, Reddy stated, the autumn over the earlier 12 months is 12.76 %, indicating a ‘very gloomy image’.
In the meantime, there was no quick response from the ruling TDP.