Telangana: CM KCR waives CST on rice exports
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Hyderabad, Nov. 30 -- Telangana chief minister K Chandrashekhar Rao (KCR) on November 28 waived the Central Sales Tax (CST) on rice produced in Telangana and exported to other states.
It is to be noted that CST was imposed on rice from April 1, 2015, to June 30, 2017. Telangana chief secretary Somesh Kumar released an order over the cancellation of CST on processed rice. "Telangana has become the food bowl of India by securing a place among the largest paddy-producing states. The tax waived off would serve the interests of both rice millers and farmers." KCR said in a statement.
A two percent subsidy on CST collected on the transportation of processed rice to various states, was provided in the undivided state, which was later stopped b...
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