GST Council Meet Headed By Arun Jaitley Underway In Hyderabad
The GST Council, headed by Finance Minister Arun Jaitley, is meeting in Hyderabad on Friday to discuss the quantum of cess to be hiked on luxury and mid-size cars, among other issues. Ahead of the meeting, Andhra Pradesh Finance Minister Y Ramakrishnudu said that he will highlight various demands that the state had made earlier.
"After the implementation of GST, as per our initial estimation, the state may see a shortfall of Rs 2,900 crore in revenue," Ramakrishnudu told PTI.
"We also requested the council to take a lenient view on the tax slab with regard to ongoing government projects. As on today, projects worth about Rs 20,000 crore are under implementation," he said.