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CM KCR gives CST balm to rice millers for exports
CM KCR gives CST balm to rice millers for exports
- CM announces 2% CST waiver for export of rice other States
- In relief to rice millers in Telangana, KCR said 2% CST waiver is applicable for tax dues between April 1,.2015 and June 30, 2017
- Says State, which is reaching no.1 position in paddy production and become 'Annapurna' (source of food) for the country, will encourage paddy export to other States by processing paddy into rice. Steps will be taken in this direction
- Rice millers have been requesting govt they are suffering financial loss due to non-provision of two% tax concession in the name of not submitting C form. The association requested that justice be done to them
Hyderabad: In a relief to rice millers in Telangana, Chief Minister K Chandrashekar Rao on Monday announced a two percent CST (Central Sales Tax) dues (between April 1,.2015 and June 30, 2017) waiver for the export of rice to other States
He made it clear that the State, which is reaching the no.1 position in paddy production and become 'Annapurna' (source of food) for the country, will encourage paddy export to other States by processing paddy into rice. Steps will be taken in this direction.
The CM reiterated that the government will protect the interests of rice millers and farmers by encouraging rice exports.
Earlier, in the case of rice export from Telangana to other States, there was a policy of providing a two percent concession in CST if the C-form is filled. The system was implemented in the common State. Later, it was initially implemented in Telangana as well.
Meanwhile, the two percent tax rebate in CST to rice exporters has been suspended due to the non-submission of the C-form from the State between 2015 and 2017.
The rice millers have been requesting the government that they are suffering financial loss due to not providing a two percent tax concession to Telangana in the name of not submitting a C form. The association requested that justice be done to them. After examining their request, the CM felt that it was not only in the interest of Telangana rice millers but also that of farmers. In view of the State's excellent production of rice, it is considered the duty of the government to promote rice exports. KCR decided that it would benefit farmers of Telangana and directed Chief Secretary Somesh Kumar to look into the request of rice millers and take immediate action in extending assistance to them.
