FinMin Mahat clarifies that govt imposed VAT on potato and onion to protect and boost the domestic production
KATHMANDU, June 28: Finance Minister Prakash Sharan Mahat said the government imposed value added tax on onion and potato as a protectionism measure to boost the domestic yield of the agricultural products.
Potato and onion businesspersons are staging a strike after the government imposed VAT on the vegetables bought from Nepali farmers.
The post Country facing potato and onion shortage after govt tries to force VAT appeared first on OnlineKhabar English News.
The recent surge in prices of essential goods including potato and onion has left consumers grappling with financial strain and uncertainty. Businessmen, under the pretext of the 13 percent value-added tax (VAT) that the government has announced to impose on potatoes and onions starting mid-July, have disproportionately inflated prices, placing an undue burden on the average citizen.
The recent surge in prices of essential goods including potato and onion has left consumers grappling with financial strain and uncertainty. Businessmen, under the pretext of the 13 percent value-added tax (VAT) that the government has announced to impose on potatoes and onions starting mid-July, have disproportionately inflated prices, placing an undue burden on the average citizen.
KATHMANDU, June 23: The government’s unfair tax system implemented through the budget for the fiscal year 2023/24, has helped the market prices of a number of essential goods soar, say consumer rights activists.
KATHMANDU, June 23: The government’s unfair tax system implemented through the budget for the fiscal year 2023/24, has helped the market prices of a number of essential goods soar, say consumer rights activists.
