The Hindu·3 min read·medium
Centre positive on cutting GST on tobacco exports from 40% to 28%: Yashwanth Kumar
S
Sambasiva Rao M.
✦AI Summary
The Indian government is considering a request from Andhra Pradesh to reduce GST on unmanufactured tobacco exports from 40% to 28%. This move aims to alleviate financial pressure on exporters and support farmers amid a regional tobacco crisis.
The Union Government has responded positively to Andhra Pradesh’s request to reduce the Goods and Services Tax (GST) on unmanufactured tobacco meant for exports from 40% to 28%, offering relief to exporters and raising hopes among tobacco farmers, amidst the FCV tobacco crisis in the State.
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