Visakhapatnam: Revenue for Visakhapatnam Central GST Zone showed a growth of 31% at Rs 14,099 crore in 2018-19 against Rs 8,088 crores in 2017-18. The tax base in Andhra Pradesh has shown a 24% increase from 2017-18 with over 4,38,309 GST taxpayers as on date.
On July 1, 2017, GST was rolled out with a mid-night launch by the President in Parliament.
Visakhapatnam Central GST Zone had been in the forefront in sanctioning and disbursing refunds to taxpayers. Rs 991.19 crore had been sanctioned as refund towards accumulated ITC and excess cash deposits. Export related refunds of Rs 867.63 crore was sanctioned in this zone. Return filing compliance was around 82%.