"Centre Has Taken Back Rs 1,000 Crore": Andhra Pradesh Finance Official
NDTV
On November 25, the Centre released Rs 682 crore to Andhra Pradesh as GST compensation, out of Rs 17,000 crore to all states, but the amount has not reached the state coffers.
The Centre has taken back a sum of Rs 1,000 crore it granted under different heads in recent days to the cash-starved Andhra Pradesh government, a state Finance department official indicated on Tuesday.
On November 25, the Centre released Rs 682 crore to Andhra Pradesh as GST compensation, out of Rs 17,000 crore to all states, but the amount has not reached the state coffers.
Over Rs 300 crore was released this week under some other heads but that money too was not credited.
"In effect, the Centre has taken back about Rs 1,000 crore, adjusting it against some old liabilities dated back to the (state) bifurcation," a top finance department official said.
