Telangana News

The Telangana government agreed to the Centre's proposal on the sharing of powers for control over taxpayers under GST.

Finance minister Etela Rajender said that, except West Bengal, all states have supported the Centre on this issue and it was decided to defer the implementation of the GST regime to July 1st as against April 1st.

“In the meeting, the Centre agreed to the demand of states to go in for a horizontal split with regard to taxpayers based on the annual turnover. Following this, all the states barring West Bengal have expressed their support,” Rajender said.

According to the agreement reached, the finance minister said that, all the states will have powers to assess and administer 90% of the taxpayers, who have an annual turnover of less than Rs 1.5 crores and the Centre would administer the rest of the taxpayers. With respect to taxpayers having more than Rs 1.5 crores turnover, States and the Centre will control and administer them in 50:50 ratio.