High tax: Traders to buy wheat from other states
Tuesday, 17/04/2012
http://www.tribuneindia.com/2012/20120417/punjab.htm
The highest taxes on wheat, imposed by the Punjab government, will continue to play spoilsport for private traders. With an enormous 15 per cent to be paid as taxes, over and above the Minimum Support Price of Rs 1,285 per quintal on wheat, traders will once again shun the mandis of the state and buy wheat from Uttar Pradesh or Rajasthan.
Sources said that like previous four years, this year, too, they expected less than one per cent of the total wheat arrivals in mandis to be bought by private players. With the state government having increased VAT on wheat purchase from 4 to 5 per cent last year, the difference in tax structure in Punjab and neighbouring states has widened further.
