India Central Bond Textile Company Will Have To Pay 5% Of The Tax.
India
madhya pradesh
Finance minister Raghavji said the textile manufacturers of central state would have to temporarily pay five percent of the tax because the government had issued a notice.
The minister to the state
Wholesale textile industry
On behalf of the speaker, he assured them that he would discuss the matter with the governor Shivraj Singh Chauhan and asked him to cancel the 5% tax.
Trader
The government is required to give tax exemption measures to textiles because the annual budget of the state has already made such a guarantee.
Traders said they did not charge any additional fees from consumers, so they were unable to pay taxes to the government.
The Ministry of finance has issued a notice to levy 5% tax on textiles.
Previously,
textile
1% of the entry tax has been levied. Now businessmen must pay 6% of the tax.
The central government is a friendly merchant state. After consulting with the chairman, it may withdraw 5% of the tax.
But at the same time, businessmen will have to pay taxes first.
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