AP finance ministry takes over business tax division

VIJAYAWADA: Finance minister Buggana Rajendranath Reddy mentioned business tax division has been added to the state’s finance ministry to maintain all income incomes departments in a single place. “There isn’t any different intention of attaching business tax division to finance division,” he maintained, refuting allegations on inclusion of business tax division into finance ministry.

The minister was reviewing the efficiency associated to Division of Commerce with officers of business taxes division on Tuesday at Vijayawada. He defined that union authorities has centralized all income departments. That is the explanation why AP too has connected business tax division to finance ministry.

 

Rajendranath mentioned centre has thus far disbursed ₹ 3,274 crore of GST funds to Andhra Pradesh. One other ₹ 2,000 crore are nonetheless due from the union authorities.

The minister mentioned CAG’s objections to make use of of public funds are “most pure” and state authorities has been continuously responding to those queries. He acknowledged that AP State Improvement Company has been set as much as implement welfare schemes within the state. The federal government is spending loans borrowed in implementing schemes like Rythu Bharosa, Cheyuta, YSR Aasara and others. No loans are being misused, he maintained.

 

The minister identified that mortgage of lands is pure when taking loans. He mentioned it’s the authorities’s coverage to take loans and situation GOs within the identify of governor.

Particular chief secretary Rajat Bhargava, chief commissioner (Gross sales Tax) Ravi Shankar Narayanan and others participated within the assembly.

Previous post Stephon Gilmore admitted he has ‘additional’ motivation dealing with the Patriots
Next post COVID-19 instances rise in Europe for fifth consecutive week