The State government was losing a lot of revenue due to invoicing of many medicines being done in Hyderabad and Bengaluru, medical equipment traders and medicine dealers told the State Finance Minister Buggana Rajendranath Reddy here on Monday.
Andhra Pradesh’s first-ever Trade Advisory Committee meeting was held here and Mr. Rajendranath Reddy patiently interacted with the representatives from various sectors to understand their problems related to the GST and Commercial Taxes in the State so that the government could take up corrective steps.
P. Ranga Reddy, representing the drugs and medicine dealers, said that many of the companies had shifted from Vijayawada to Hyderabad and when they bought stock from those companies, either Telangana or Karnataka was getting the revenue from GST/Commercial Tax.
