Madhya Pradesh: Government may extend 0.5% mandi tax regime in February, official says

Madhya Pradesh: Government may extend 0.5% mandi tax regime in February, official says

FP News ServiceUpdated: Thursday, November 26, 2020, 09:26 PM IST
article-image
Representative Photo |

Madhya Pradesh plans to extend the 0.5% mandi tax regime after three months, a state government official said today. "The state would study the impact of lower mandi tax. It is quite hopeful that the reduced taxes would not hit the total income of mandis," the official said. Madhya Pradesh had cut the tax to 0.5% from 1.5% on Nov 14 for three months.

The government is expected to extend regime after Feb 14, he said. In 2019-20 (Apr-Mar), the total income of Madhya Pradesh's 237 mandis was 12 bln rupees while expenditure was around 6.8 bln rupees, the official said.

In September, the state's traders went on an indefinite strike demanding a tax cut and claimed that the higher tax was hurting their business. Madhya Pradesh is the largest producer of soybean, chana, garlic, and among the leading growers of pulses, paddy, and wheat.

RECENT STORIES

ASI Continues Survey At Bhojshala Complex In Madhya Pradesh's Dhar For 8th Day

ASI Continues Survey At Bhojshala Complex In Madhya Pradesh's Dhar For 8th Day

MP: Hospital Mgmt Keeps Body For Two Hours Over Payment Of Rs 670 In Ujjain

MP: Hospital Mgmt Keeps Body For Two Hours Over Payment Of Rs 670 In Ujjain

MP: Kitchen Of Four-Storey Hotel Catches Fire In Ujjain

MP: Kitchen Of Four-Storey Hotel Catches Fire In Ujjain

MP: Pregnant Woman Attacked With Knife For Vacating Rented House In Ujjain

MP: Pregnant Woman Attacked With Knife For Vacating Rented House In Ujjain

Indore: It Would Soon Be Possible To Reach Mumbai & Delhi In 10 Hours By Road,’ Says BJP's Shankar...

Indore: It Would Soon Be Possible To Reach Mumbai & Delhi In 10 Hours By Road,’ Says BJP's Shankar...