YSRCP chief YS Jagan Mohan Reddy on Saturday cited the CAG’s information 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 mentioned in a put up on ‘X’.
Although the TDP-led NDA authorities on Might 1 proclaimed that web GST assortment of the state authorities for the month of April 2025 had been the ‘highest’ because the introduction of GST at Rs 3,354 crore, Reddy mentioned technically web GST will likely be subsequent to all changes.
As quickly because the CAG figures have change into public, the federal government ‘mischievously’ points another press launch suggesting that even in Might 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,” mentioned Reddy.
In accordance with the opposition chief, advance apportionment of IGST is accounted for underneath minor head 110 and is a part of SGST (state GST) underneath main head 0006 of presidency accounts.
He mentioned this can be 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 nicely.
“The Might 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,” mentioned Reddy.
Additional, the opposition chief noticed that fairly opposite to what the NDA alliance authorities had recommended, 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 mentioned, the autumn over the earlier 12 months is 12.76 %, indicating a ‘very gloomy image’.
In the meantime, there was no instant response from the ruling TDP.
