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15% VAT on fabrics, timber will hurt these industries: Bandula

2018-09-08 11:31:23
12
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Joint opposition MP Bandula Gunawardane said yesterday the government had imposed a 15 per cent VAT on imported fabric and timber from August 16 this year and urged the government to reconsider it saying it was a huge blow to the related industries.

He told parliament that the previous regime had imposed a cess of Rs.100 on a kilogram of imported fabric used as raw material in garment factories but this government in addition had imposed a 15 per cent VAT.

"This has resulted in the industrialists now having to pay more than Rs.2 million more as tax to for a container of fabric thus inconveniencing small scale entrepreneurs," the MP said.

He said the move to impose a 15 per cent VAT on imported timber would also pose a threat to forest conservation as people would be compelled to fell more trees illegally.

In the absence of the subject minister, Chief Government Whip Gayantha Karunathilake said the matter was being discussed at the government MPs group meeting. (Ajith Siriwardana and Yohan Perera)


  Comments - 12

  • Thoppi Hat Saturday, 8 September 2018 13:52

    Yes Bandulla you are very clever in maths and you ahve proved this long ago.

    Reply : 2       8

    Dee Saturday, 8 September 2018 14:12

    Ah. 2500/- Sir! How? How?

    Reply : 2       9

    CITIZEN Saturday, 8 September 2018 14:43

    Hey, Sangwediya, you are talking of the trader and industrialists paying the tax. But, aren't they passing it on to the customer/consumer? Why don't you talk for the people, who are the consumers/customers? That shows you have been teaching your students "bullshit"! No wonder, you stated 2500/- is enough for a family. You are, no doubt, living in a world of your own!!!

    Reply : 5       27

    Unchikun Saturday, 8 September 2018 16:14

    The most damage to the fabric industry was the withdrawal of the GSP. Where were you then?

    Reply : 6       25

    වියපත් බඹරා Saturday, 8 September 2018 19:59

    "තොප මල නොතලා රොන් ගත්තේ කෙසේද කියන් බඹරො?" !!!

    Reply : 3       14

    Gune Saturday, 8 September 2018 20:51

    This Gov is struggling to block the hole that MR borrowed. From China. I am surprised that you as an economics teacher fail to understand this ??

    Reply : 8       27

    Freddy Yong Sunday, 9 September 2018 08:30

    This stupido has some negative comment for every thing. Just shut your mouth and let things happen the way it should happen, donkey.

    Reply : 2       8

    Jerome Sunday, 9 September 2018 12:49

    "Food

    Reply : 0       1

    Hemantha Sunday, 9 September 2018 14:09

    Hey, this is true... the entire construction industry is now affected partly by the rupee devaluation and on top of that those taxes like VAT.... It has an indirect impact on the people who directly involved in constructions where middle class and upper middle class people would not build houses... this gvt is destroying the ordinary peoples' economy... every where the businesses has fallen down... even the PM has accepted the fact that money circulation has dropped by 30%... where are we heading....

    Reply : 0       3

    Dhammika Sunday, 9 September 2018 16:30

    You are not the minister in charge so please keep your mouth shut without playing PANDU , BANDU .

    Reply : 1       2

    Palli Kanda Sunday, 9 September 2018 18:10

    Now all the big talk. While in power , you just robbed us with Rajapksess.

    Reply : 1       2

    Powne Sunday, 9 September 2018 20:44

    As trade minister he gave this concession at a price and now whines for loosing the payback. Go home please.

    Reply : 1       2

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