Jharkhand withdraws tax on blankets

March 15th, 2011 - 12:00 am ICT by IANS  

Ranchi, March 14 (IANS) The Jharkhand government Monday announced withdrawal of value added tax (VAT) on blankets, towels, bed-sheets and decided to keep foodgrain free from VAT in the next financial year.

“We have withdrawn 4 percent VAT imposed on blankets, towels and bed-sheets. We will keep the food grain free from VAT,” Deputy Chief Minister Hemant Soren, in-charge of finance department, told reporters.

Soren announced the withdrawal of VAT during the debate on budget of 2011-12. Four percent VAT was imposed on blankets, bed-sheets and towels in December last year.

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