The common man can take this hike with a pinch of salt because he hardly ever goes in for such costly items, which to him fall in the category of luxury items – unless he comes into a windfall. These costly luxury items are meant for the rich and the famous, hence an additional 1% as VAT would not matter much to them.
But – a major question is that how many pieces of such products would be sold in the state during 2012-2013 and how much additional revenue would be generated under this head by the Amit Mitra, the Finance Minister.
Another interesting aspect is the introduction of a new type of tax on incoming goods to the state. The amount of tax is yet to be declared but, there are apprehensions in some quarters that this would open up yet another avenue of corruption for those who believe in the maxim - make hay while the sun shines.
Moreover, levying of this tax would indirectly lead to a hike in prices which the TMC wants to avoid – why then consider such a proposal.
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