STOCK MARKET BSE NSE

Ryots to pay GST on agriculture components in Telangana

Farmers have to pay Goods and Services Tax on the minor irrigation components including sprinklers and drips provided by the state government.

Published: 29th August 2017 07:28 AM  |   Last Updated: 29th August 2017 07:28 AM   |  A+A-

By Express News Service

HYDERABAD: Farmers have to pay Goods and Services Tax (GST) on the minor irrigation components including sprinklers and drips provided by the state government. The GST on minor irrigation components is 18 per cent. Hitherto, the tax on these items are five per cent and the state government has been reimbursing the same.

After the introduction of GST, state government has decided to reimburse only 5 per cent of the amount up to a maximum of J5,000 and the remaining 13 per cent of the GST has to be borne by the beneficiary farmers. According to a GO issued by agriculture secretary C Partha Sarathi, the state government has decided to continue the existing system of reimbursing 5 per cent tax.

Stay up to date on all the latest Telangana news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp