Govt proposes to hike VAT
Source: The Sangai Express
Imphal, December 08 2015:
The State Government has proposed to hike VAT for petrol, diesel, tobacco and tobacco products.
According to an official notification issued by Principal Secretary (Finance) Dr J Suresh Babu on December 4, the Government proposed to increase the VAT of motor spirit (petrol - excluding aviation turbine fuel, aviation spirit and aviation gasoline) from 20 per cent to 25 per cent, high speed diesel from 13.5 per cent to 14.5 per cent and tobacco and tobacco products from 13.5 per cent to 25 per cent.
In this regard, the Government informed all the interested parties or individuals to submit their objections/suggestions, views and comments, if any, in writing to the office of the Commissioner of Taxes, Government of Manipur within 14 days of publication of the notification.