Hyderabad, Sept. 16 -- The Telangana government will lose Rs 5,000 crore in revenue every year due to the revision of Goods and Services Tax (GST) rates, said deputy chief minister Bhatti Vikramarka Mallu. He added that with that in mind, CM Revanth Reddy and the state cabinet have taken a policy decision to rationalise GST for the welfare of poor, middle-class, and farming families.

Interacting with the business community on Tuesday, September 16, at the Dr. Marri Channa Reddy Human Resource Development Institute, the Telangana deputy CM said that despite the state losing Rs.5,000 crore in revenue, the government has played a key role in the policy decision on GST rate revision for the growth of common and middle-class people.

The prog...