HYDERABAD:
The GST Council,
which is scheduled to meet in the national capital tomorrow, may
positively consider lowering tax slab on the labour component in
government project works, a senior Telangana government official said today.
According to the official, the Council may consider reducing the tax slab to 5 per cent from the existing 12 per cent.
"Some of the State Government projects such as Mission Bhagiratha, Mission Kakatiya and two-bedroom housing scheme which are labour intensive will get benefited if they reduce the tax component. We are hopeful that GST Council may positively consider the reduction. Our request is in tomorrow’s agenda," the official told .
The
Centre had reduced GST on government works to 12 per cent from the
earlier 18 per cent. Telangana wanted it further to be reduced to 5 per
cent.
The State Government had earlier given a list of 33 items
such as beedi, granite and hand-looms among others , whose tax slabs are
to be brought down.
05 Oct 2017, 10:56 AM