Traders
in Kerala have decided not to sell cigarettes from
Monday in protest against a new Value Added Tax (VAT) of
12.5 per cent imposed by the state government.
The state government has said the extra tax, which comes
into force from the new fiscal, will have to be borne by
traders, not the tobacco companies.
However,
traders don't agree.
The Kerala Vyapari Vyvasayi Ekopana Samithi, a leading
traders' body, has said that if tobacco companies don't
bear the burden of the additional tax, traders will
incur losses.
Source :
NDTV.com - New Delhi,India, dated 13/04/2007
