In order to ensure adequate supply of sugar in the market during festival season come October and to arrest the rising prices of sugar India’s western state Gujarat has announced exemption of Value Added Tax (VAT) on imported sugar. The State Government of Gujarat has announced this exemption yesterday.
According to State Government of Gujarat officials, "Gujarat Chief Minister Narendra Modi has decided to exempt imported sugar from VAT".
The state government used to charge 4% VAT on sugar. But this will not be charged on imported sugar for the next one year, officials added.
It is learnt that the decision has been taken keeping in mind the prevailing scarcity of sugar due to lower production.
This will help those who want to import sugar and people at large in the coming festival season, they further said.
The state government used to charge 4% VAT on sugar. But this will not be charged on imported sugar for the next one year, officials added.
It is learnt that the decision has been taken keeping in mind the prevailing scarcity of sugar due to lower production.
This will help those who want to import sugar and people at large in the coming festival season, they further said.
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