KCR fires at Modi for denying GST benefits

[Anta Assamey]

TRS president and CM KCR on Tuesday took strong exception to the Centre’s decision to reduce GST compensation and dues pending to the states and asking them to offset the losses by going in for additional borrowings.

KCR dashed off a hard-hitting letter to Prime Minister Narendra Modi demanding that the Centre itself should reverse its decision and borrow loans to pay states.

“The entire shortfall amount due to the states should be borrowed by the Centre itself, based on the strength of the receipts into the Cess amount. The entire debt servicing – both principal and interest can be paid from the cess collected for such an extended period beyond 2022 which can be decided by the GST Council,” he said.

KCR opposed the Centre’s decision to reduce the GST compensation payable to States from about Rs 3 lakh crore to Rs 1.65 lakh crore.

He had already shot a missive to Union Finance Minister Nirmala Sitharaman expressing the State’s opposition to the Centre’s move.

In his letter, Chandrashekhar Rao pointed out that the States were in the forefront of fighting the COVID-19 pandemic and reviving the State economies, and thus, in need of more resources than the Centre. 

He stated that Telangana State suffered a revenue loss of 83 per cent in April this year whereas COVID-19 pandemic related expenditure increased.

He asserted that the Centre violated the provisions of GST Compensation Act by parking the surpluses of the Compensation Fund in its Consolidated Fund instead of parking them in the non-lapsable Compensation Fund in the Public Account.

KCR said the argument of the Centre that the additional borrowings by the Centre would influence yields on Central government securities and had other macro-economic repercussions was not convincing.

“The borrowings by the Centre as well as the States are from the same financial system and pool of investors and their impact on the macro-economic situation is not very different. Borrowings by the States will also push up the yields on government securities,” he said.

“Strong states make the nation strong. So far, all the decisions by the GST Council have been taken unanimously. I think we need to maintain this tradition in future too,” the chief minister said.

[manadonga]

harish rao modi ni meeting lo adaga ledu kani bayata ki vachhi media mundu action 

cheekatlo kallu bayata hadavidi 

delhi fm tappa andaru jee huzoor annaru monna 5 days back 

[BeerBob123]

Xcellent antunna pinkies

[Hydrockers]

Anthaki minchi fikedi em ledu le

[tom bhayya]

desh ki netha kendram medalu vanchuthunnadu 

[hyperbole]

[hyperbole]

Center ki siggu miggu unte..covid expeniture mottamu states mida ne paddadi. Fisical monetary aspects valla kinda pettukoni tamasha chostunnaru. Appu techu lovali anta someberi mundakodukulu..cheppaniki siguu undali. Repu income tax katte vallu kuda act of god tax, dept ki appu tesukondi memu taruvata kadutamu uukuntada
 

only option left to states is increase fuel tax and that is also taken away as center increased Rs 12/- and not leaving any option to the states. Unnadi okkate ippudu adi alcohol 

[manadonga]

happy modi 

istam vachhinattlu states tax increase cheyya kunda gst techhavu 

next istam vachhinatlu current bills peraga kunda chestunavu 

alage janala korika meraku mandu rates kuda control lo petti 

andhra lo anni brands dorekela cheyyi 

leka pothe ee donga cm lu middle class vallani champestunaru 

states have only control increase revenue taxes mandu and fuel tax 

[Hydrockers]

8 minutes ago, hyperbole said:

Center ki siggu miggu unte..covid expeniture mottamu states mida ne paddadi. Fisical monetary aspects valla kinda pettukoni tamasha chostunnaru. Appu techu lovali anta someberi mundakodukulu..cheppaniki siguu undali. Repu income tax katte vallu kuda act of god tax, dept ki appu tesukondi memu taruvata kadutamu uukuntada
 

only option left to states is increase fuel tax and that is also taken away as center increased Rs 12/- and not leaving any option to the states. Unnadi okkate ippudu adi alcohol 

Jaggadi ki mundhe chepparu emo anduke rate lu penchadu

[tom bhayya]

17 minutes ago, manadonga said:

happy modi 

istam vachhinattlu states tax increase cheyya kunda gst techhavu 

next istam vachhinatlu current bills peraga kunda chestunavu 

alage janala korika meraku mandu rates kuda control lo petti 

andhra lo anni brands dorekela cheyyi 

leka pothe ee donga cm lu middle class vallani champestunaru 

states have only control increase revenue taxes mandu and fuel tax 

correction istam vachinattu PPA lu cancel cheyakunda 

[manadonga]

3 minutes ago, tom bhayya said:

correction istam vachinattu PPA lu cancel cheyakunda 

adi kuda bhayya 

ipudu ratulaki free current peruto states middle class meeda current bills baga pencharu 

ikkada us lo ne takkuva ki vastundi india kanna 

state govt projects ki free ga dobbestu mana ki penchutnnaru 

ippudu vatiki kuda bills pettali petti chupinchali states middle class meeda un nessary bills pencha levu 

[ParmQ]

1 hour ago, manadonga said:

harish rao modi ni meeting lo adaga ledu kani bayata ki vachhi media mundu action 

cheekatlo kallu bayata hadavidi 

delhi fm tappa andaru jee huzoor annaru monna 5 days back 

Vaallu bayata anna hadavidi chesthunnaru. Jagananna tho adhi kooda ledhu.

[snoww]

34 minutes ago, hyperbole said:

Center ki siggu miggu unte..covid expeniture mottamu states mida ne paddadi. Fisical monetary aspects valla kinda pettukoni tamasha chostunnaru. Appu techu lovali anta someberi mundakodukulu..cheppaniki siguu undali. Repu income tax katte vallu kuda act of god tax, dept ki appu tesukondi memu taruvata kadutamu uukuntada
 

only option left to states is increase fuel tax and that is also taken away as center increased Rs 12/- and not leaving any option to the states. Unnadi okkate ippudu adi alcohol 

States ki money icharu corona expenses ki ani sadiva ekkado. 

[psycopk]

Nirmala oka mike eskoni 20kh cr corona lackagr ante saripaye...

[tom bhayya]

7 minutes ago, snoww said:

States ki money icharu corona expenses ki ani sadiva ekkado. 

The government on Thursday rolled out a ₹15,000 crore package to help states with their covid-19 emergency response and health system preparedness over four years.