U`khand defers imposition of surcharge till April 1
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Last Updated: Thursday, March 04, 2010, 19:22
  
Dehra Dun: Uttarakhand government on Thursday deferred imposition of surcharge on a series of FMCG and other food items by one month, official sources said here.

The decision to defer imposition of the surcharge till April 1 was taken due to the technical problem in taxation, they said.

The state government had last month announced imposition of 0.5 percent to 1 percent surcharge on some FMCG and other food items from March 1.

A surcharge of 0.5 percent was imposed on items where VAT is 4 percent while other items where VAT is 12.5 percent, the surcharge was imposed at the rate of 1 percent.

The move to impose surcharge was being seen as the state government's fresh attempt to earn additional revenue in the face of acute financial crunch.

The state government is facing a burden of Rs 4000 crore in the wake of Sixth Pay Commission report for which it is trying hard to generate additional revenue for the ballooning non-plan expenditure.

PTI


First Published: Thursday, March 04, 2010, 19:22


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