Tag: Vat Reduction. Punjab News. Steel news

New VAT implementation of 2.5% which was earlier 4.5% (excluding other charges) in Punjab from 01 Feb, 2014 had resulted to improve Mandi Gobindgarh local market by INR 400-500/MT within 2 days. The Re-bar manufactures and other Finished Steel manufacturers had stopped purchasing of the material (Ingot/Billet) from past few days. Traders of Finished steel…