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Archive: 16 October 2011

Posts in 16 October 2011

States to impose VAT on textiles and sugar next year onwards

October 16, 2011 1562 Views 0 comment Print

Consumers will have to pay more for sugar and textiles as States on Friday decided to impose four-five per cent value added tax (VAT) on sugar and textiles from the beginning of next fiscal. A move that will shore up their state governments revenue, but also stoke inflationary pressures. “We have decided to levy VAT […]

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