Telangana government scores partial win on GST cut
7 Oct 2017 12:47 AM IST7 Oct 2017 12:47 AM IST
The actual benefit that will accrue to the government on account of this decision is yet to be ascertained, officials said.
The Government of India has 24.5 per cent stake in Goods and Services Tax Network (GSTN) and the state governments an equal share.
Hyderabad: The Telangana state government got partial relief in the GST Council meeting in New Delhi on Friday
The GST Council decided to cut GST to 5 per cent on projects where the manpower component is more than the machinery component.
TS has been demanding that the GST be cut on government projects — irrigation schemes, Mission Bhagiratha, Mission Kakatiya, 2BHK housing, from 12 per cent to 5 per cent.
The actual benefit that will accrue to the government on account of this decision is yet to be ascertained, officials said.
( Source : Deccan Chronicle. )
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