Wednesday, July 6, 2016

Government To Provide Solutions For The Increasing Prices Of Essential Goods In The Market

Image result for vatThe government has setup a special committee under the patronage of Prime Minister Ranil Wikramsinghe and President Maithripala Sirisena to provide solutions for the unusual way of  rising prices of some essential goods in the market the Minister Of Media Gayantha Karunathilake has stated today(06).

Although government did not impose value added tax(VAT) on essential goods the traders are reported as selling essential goods to the consumers for higher prices the Minister has stressed.To tackle this situation the special committee headed by Prime Minister and President has decided to form a task force by covering all superintendent of police areas in the island to carry out raids on errant traders and to educate the general public on tax systems he has further added.

The government has also decided to advertise the prices of essential goods twice a week through the print and electronic media he has stated.

Meanwhile government has stated that the recent VAT increase is  not  applicable for 21 essential goods, however some sections mislead the  general public  on this .

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