These figures usually go up year on year and goes to the state treasure.
The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.
Hyderabad: In the first year of GST implementation ending July 1, Telangana state was able to achieve better tax revenues when compared with the pre-GST regime, and reduce the revenue gap considerably.
Telangana state recorded Rs 28,283 crore total revenues under all GST heads in the period from July 2017-June 2018, including Rs 3,600 crore in June. Of this, some components such as IGST and CGST will be shared with the Centre.
Besides this, in 2017-18, TS earned almost Rs 10,000 crore from liquor and Rs 9,000 crore from fuel. There are also other earnings from land registration and from sale of sand. These figures usually go up year on year and goes to the state treasure.
( Source : Deccan Chronicle. )
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