Dasari wrote:As the new govt in AP is about to take over, it is getting more and more clear how bad the division was for AP. The UPA govt basically ruined one region to take political advantage in another region. The new state will start with a deficit of Rs 14000 crores per year, that is a whopping 25% of the budget for a state that starts with huge debt and little income. They just created a new BIMARU state - perhaps the 'A' stands for andhra pradesh. On top of this they have to pay for the stupidity of CBN in the form of Rs 80000 crores for forgiving farmer's loans. Now he is taking it as prestige issue to build a new capital at Vijayawada- Guntur at huge cost. He better sit outside the parliament and do the begging job with lot more intensity and hope to get some pennies from center.
It is amazing how Indian union can deprive 5 crore people in one stroke for electoral advantage. Wait until somebody on AP side takes advantage of this plight and rally the population, then India will have another northeast, right at the centre. The entire cabinet committee of the UPA should be prosecuted and put in jail for this crime. On the other side with Rs 14000 crores/year surplus, KCR can do any kind of bandhs and gimmicks to finish off whatever is left in SA.
Boss< I think some of this is Rumor Mongering, right now all Liquor Excise and VAT returns for Petrol, FMCG items and all consumer goods will filed at the State HQ in Hyderabad, Companies will now have to separate the sales made between AP and Telegnana. Nobody would have done this till date.
Then we can expect a much Higher share of Liquor excise and Vat to flow to AP.
As an accountant, nobody talies Vat liabilities District wise, they just total all Invoice liabilities and pay it, it can however be done with Extra Manpower and once the ERP systems/excel spreadsheets capture the information.
In Govt circles, Revenue is generally reported where registered office is given . For exg for HUL, Income Tax will belong to Mumbai circle even though the Revenue and profit of HUL will come from operations all over India. Similarly, many companies will Sales all over AP would have registered thier Offices in Hyderabad and paying VAT and filing returns from Hyderabad circle. This in Govt departments will be reported as Income from Hyderabad circle.
Only now we will see COmpanies spliting thier VAT and Excise Liquor returns we will the real Revenue of Seemandhra portions of AP.