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In an exclusive interview with Business Today TV, Payyavula Keshav, Finance Minister of Andhra Pradesh, has shared that a special demand by the state has been put up to raise funds through additional levy of 1 per cent goods and services tax for damage caused due to rains and floods in the state opened floodgate of similar requests for disaster-specific levy by other states in the 55th GST meeting in Jaisalmer. On the request of the state of Andhra Pradesh, the council has recommended that a group of ministers be constituted to examine the legal and structural issues and recommend a uniform policy on the imposition of levy in case of a natural disaster/calamity in the state. Watch this exclusive on Business Today TV.
#HealthInsurance #IndianGST #LifeInsurancePremiums #GSTCouncil #GoodsandServiceTax #AndhraPradesh #DisasterManagement
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Andhra Pradesh Makes Special Demand For 1% GST Cess
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