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Common man will not be burdened under GST: AP Finance minister

Press Trust of India  |  Kakinada 

minister today said the forthcoming uniform regime will not lead to any additional burden on the common man but will in the long run help the Centre and the states to increase

"Adequate measures have been taken to ensure that the new taxation regime will not put any additional burden on the common man and also not to lose public revenue," Ramakrishnudu told reporters here.

Noting that many countries have successfully implemented GST, he expressed the hope that it will be a success in our country as well as the new taxation system will increase revenues for the states and for the Centre.

Ramakrishnudu said the state has sought exemptions on certain goods and services like on textile yarns, Tirupati Temple's food products and granites on which a final decision is awaited.

The minister also said departments have been directed not to harass traders in the process of implementation.

Deputy chief minister Nimmakayala Chinarajappa, depty chairman AP Legislative Council Subrahmanyam Reddy, ZP chairperson Namana Rambabu also attended the press meet.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, June 17 2017. 18:57 IST