bharath_k Posted June 30, 2020 Share Posted June 30, 2020 A small analysis : From the CAG Audited report : As compared to 2018-19 march yr (90.8K crore) in 2019-20 march yr(85.8K cr) A.P lost 5K crore in tax collection. Normally , it should be 15% more collection needed as compared to any previous yr. ( 10% growth is normal case ) But here it reduced 6% this is also after increasing duty on liquor, sand, cement and land registrations e.t.c else this will be 10 to 11% reduction. This 10% reduction happened in 10 months. Reduction of 10% and expected loss of growth 15% leads to 25% loss of revenue to the state. 25% loss which is 25K crore loss to GOVT leads to 1 lakh crore of wealth evaporated from Andhra people hands in 10 months. ( from June 2019 - march 2020 ) So, over all there is a study decline of revenue/wealth ranging from 1.5 to 2.5% month is happening. Link to comment Share on other sites More sharing options...
Chandasasanudu Posted June 30, 2020 Share Posted June 30, 2020 Good..inkonchem background and content vadalandi Link to comment Share on other sites More sharing options...
bharath_k Posted June 30, 2020 Author Share Posted June 30, 2020 I just got the CAG audited report , from CAG website. Normally state GOVTs provide little fake information about the borrowings to CAG ( As it effects the debt raising ability of state ) But they can not cheat the revenue.. so tax revenue indicators are ideal to analyse the states further survival. Link to comment Share on other sites More sharing options...
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