Hyderabad, February 02: Yeilding to the pressure of the agitating cloth merchants for abolition of VAT on textiles, Govt. agreed to enhance the celing in view of the agitation. The Govt. agreed to enhance the ceiling from Rs. 5 lakh to Rs. 7.5 lakh for exemption from VAT on textiles.
Authentic sources revealed that the C.M. was apprised of the losses incurred by the cloth merchants.
Orders will be issued soon in this regard.
–Siasat News–