Tag: Taxes reduction
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India: Northern Market freezes as buyers wait for New VAT
SteelMint in discussion with market participants assessed that the announcement of reduction in VAT (Value Added Tax) in Punjab has led Finish & Semi Finish Steel purchases to a standstill. Few producers of Finish Long (TMT) based in Mandi Gobindgarh and NCR Region are reluctant to place their Ingot/Billet purchase orders owing to new VAT…