KCR: GST won't bring in any loss to Telangana

KCR: GST wont bring in any loss to Telangana
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Telangana Chief Minister K Chandrasekhar Rao on Monday clarified that there won\'t be any loss to the state with the implementation of the Goods and Services Tax (GST).

Telangana Chief Minister K Chandrasekhar Rao on Monday clarified that there won't be any loss to the state with the implementation of the Goods and Services Tax (GST).

Stating that it will in turn to be profitable to Telangana, KCR explained that the state will benefit in terms of the two to three thousand lakhs of additional income.

The Chief Minister clarified that there won't be any tax for the companies under the Rs 20 lakh turnover and further urged the public to erase their fears regarding the GST which has become a prevailing factor since the announcement.

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