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GST: Nuts and Dry Fruit Council Demands 5% Rate on Dry Fruits
June 14, 2017
Claiming that high tax rate on dry fruits will boost illegal trade, especially through the Pakistan-occupied Kashmir that’s known for dry fruit smuggling, the Indo-Afghan Chamber of Commerce and International Nuts and Dry Fruit Council (INC) are seeking a 5% rate instead of the announced 12% rate.
According to INC, a 5% VAT is imposed on dry fruits in Madhya Pradesh, Himachal Pradesh, Gujrat, and Delhi in the current regime. Since Delhi makes for 75% of the overall trading of dry fruits in the country, the tax rate imposed there should be the benchmark.
