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Exempt beedi from GST: CM


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Exempt beedi from GST: CM

2017-06-17 20:54:51

Exempt beedi from GST: CM

Hyderabad, June 17 ( The News )

Chief Minister K Chandrashekhar Rao has written letters to Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley requesting for exemption of Beedi units and Granite industries, Irrigation and drinking water works from GST.

Expressing concern over thousands of poor beedi workers, Rao pointed out that excess tax on Beedi cottage Industry will affect theie earings. Over 2,000 Granite processing units employing about two lakh people will also be affected due to GST, he said.

GST Council has proposed 12 percent tax on Granite and marble raw blocks and 28 percent on finished products which will produce a negative impact on trade while reducing the employment potential.

The CM has requested for reduction of GST on Granite, both raw and finished products to 12 percent. Stating that the proposed rates on Mission Bhagiratha, drinking water and Irrigation projects will result in cost escalation, he asked for bringing them under exempted category or levy 5 percent. He also congratulated the Centre for steering clear of GST through consensus of all States, according to release from CPRO.

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Exempt beedi from GST: CM

2017-06-17 20:54:51

Hyderabad, June 17 ( The News )

Chief Minister K Chandrashekhar Rao has written letters to Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley requesting for exemption of Beedi units and Granite industries, Irrigation and drinking water works from GST.

Expressing concern over thousands of poor beedi workers, Rao pointed out that excess tax on Beedi cottage Industry will affect theie earings. Over 2,000 Granite processing units employing about two lakh people will also be affected due to GST, he said.

GST Council has proposed 12 percent tax on Granite and marble raw blocks and 28 percent on finished products which will produce a negative impact on trade while reducing the employment potential.

The CM has requested for reduction of GST on Granite, both raw and finished products to 12 percent. Stating that the proposed rates on Mission Bhagiratha, drinking water and Irrigation projects will result in cost escalation, he asked for bringing them under exempted category or levy 5 percent. He also congratulated the Centre for steering clear of GST through consensus of all States, according to release from CPRO.