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Andhra Has Received Rs 1.88 Lakh Cr As Tax Revenue From Centre In Six Years

This was informed by the Union Minister of State for Finance Pankaj Chaudhary in the Parliament

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Andhra Pradesh has received its share of the Centre's tax revenue of Rs 1.88 lakh crore for a term of six years from 2017 to 10 March 2023. This was informed by the Union Minister of State for Finance Pankaj Chaudhary on Tuesday. 

Chaudhary made this revelation in response to a question raised by YSRC Rajya Sabha member V Vijayasai Reddy. The MP sought to know the reasons for the decline in the State’s share of tax revenue from the Centre over the last few years.

Answering the question, Chaudhary said the net proceeds of Central taxes, including Central Goods and Services Tax (CGST), are devolved to the States on a monthly basis as per the recommendations of the Finance Commission. This has been accepted by the Centre. This is also ascertained and certified by the Comptroller and Auditor General of India.

Chaudhary informed the house that Andhra Pradesh, till 10 March 10 of the current financial year, has got Rs 38,176.74 crore as its share in taxes and duties from the Centre. This is the highest amount received by the State from the Centre since 2017-18.

As per Centre’s statement, the share in tax revenue from the Centre has increased over the past two years. In 2018-19, the State’s share went past the Rs 30,000 crore mark and came down to less than Rs 29,000 crore in the next two years, but it once again started to witness an upward trend since 2021-22, he explained.