UP govt exempts gulkand from VAT

Image
Press Trust of India Lucknow
Last Updated : May 19 2015 | 9:32 PM IST
Gulkand, which not only have medicinal value, but also add flavour to paan, was today exempted from Value Added Tax (VAT) by the Uttar Pradesh government.
The decision was taken during a Cabinet meeting chaired by Chief Minister Akhilesh Yadav.
"The Cabinet decided to exempt gulkand from VAT," an official spokesman said here.
Gulkand, which is prepared by mixing rose petals with sugar, is considered as an Ayurvedic tonic due to its cooling properties.
It not only provide remedy for reduction of "pitta" and heat in the body, reduction in eye inflammation and redness, strengthening of the teeth and gums and the treatment of acidity.
Gulkand has cooling properties, thus it is beneficial in alleviating all heat related problems like tiredness, lethargy, itching, aches and pains. It also helps in reducing burning sensations in the soles and palms.
It had been traditionally used as a cooling tonic to combat fatigue, lethargy, muscular aches, biliousness, itching, and heat-related conditions.
Besides medicinal value, gulkand is a treat for paan lovers in UP.
According to experts UP is one of the leaders in Gulkand production in the country, with Kannauj being a major hub.
"In terms of paan production UP comes at number four after Bengal, Odisha and Madhya Pradesh," economic expert Siddhath Kalhans said.
He said that in UP paan was produced in 22 districts.
The official spokesman said that gulkand was manufactured under small scale industry, which provide employment to a large number of people.
"Exempting gulkand from VAT will promote those involved in rose farming and small scale industry," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 19 2015 | 9:32 PM IST

Next Story