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Ranchi: The Jharkhand government Monday announced withdrawal of value added tax (VAT) on blankets, towels, bed-sheets and decided to keep food grain free from VAT in the next financial year.
They have withdrawn 4 percent VAT imposed on blankets, towels and bed-sheets. They would 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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