A 15 per cent VAT was levied from May 02 to July 11, and thereafter, the Supreme Court suspended the tax.
The expected revenue from VAT was Rs. 100 billion a year.
The loss by the state due to the suspension of the VAT is Rs. 8,000 million a month, say sources at the Inland Revenue Department.
A 15 per cent VAT was levied from May 02 to July 11, and thereafter, the Supreme Court suspended the tax.
The expected revenue from VAT was Rs. 100 billion a year.
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