The administration has also chosen to raise taxes on the inexpensive imports in “Landa Bazars,” which is making life difficult for the country’s poor population.
According to reports, the tax on goods sold at Landa Bazar has gone up from Rs. 81 per kilogramme to Rs. 225, forcing individual vendors to boost the cost of cosy sweaters, blankets, and other winter clothing and accessories.
The notification issued in this regard said that in addition to the 5% sales and 5% customs taxes that were applied to imported used goods, there was also a 10% regulatory fee and a 5.5% income tax.
Warm clothing, sweaters, blankets, coats, and shoes imported used will cost more as a result of the rise in tax rates. Toys for kids are also anticipated to be more expensive.
According to the Sensitive Price Indicator (SPI) for the joint consumption group during the week under review, inflation has already dealt the nation’s citizens, particularly the poor, a major blow.