AP Beats Telangana
Andhra Pradesh has finally shown upper hand on telengana state by collecting more revenue earning in the current financial year. AP earned Rs 1,596.31 crore more than TS. Except for the transport sector, AP earned more than TS from all other major revenue generating departments.
Improved commercial tax collection has spurred the overall tax revenues of the state. AP is now, the fastest growing economy among the southern states. AP stood second in the country in sales tax collection, while TS is at the ninth spot.
As per analyses having more business centers like Vizag, Vijayawada, Guntur, Kakinada and Tirupati is the reason for AP getting more revenue than telengana as it has only business center Hyderabad. Not only that central government has announced Rs 725 crore as VAT compensation to AP but in case of Telengana state it got about Rs 425 crore.