 "Gujarat Chief Minister Vijay Rupani. Photo: PTI")
Right ahead of moving to GST, the Comptroller and Auditor General of India (CAG) report tabled in the Gujarat Assembly today showed that the state's revenue surplus has shrunk significantly. Add to that, the growth in revenue receipts in Gujarat during FY16 over FY15 was 5.99%, much below the average of 18 General Category States (GCS) at 15%.
The CAG report showed that the revenue surplus of Rs 3,215 crore in 2011-12 reduced to a revenue surplus of Rs 1,704 crore in 2015-16. However, the decrease in revenue surplus during the current year was on account of increase of only Rs
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