Mar 12, 2012 07:55 PM IST | Source: Moneycontrol.com

Budget 2012: Flower industry seeks recognition, says taxes stunt growth

We want the Finance Minister to recognise and notice the Flower Industry from a perspective that this is an agricultural based sector, which is the backbone of the economy of the country.

Budget 2012: Flower industry seeks recognition, says taxes stunt growth

By Vikaas Gutgutia, MD and Founder, Ferns N Petals:

We want the Finance Minister to recognise and notice the flower Industry from a perspective that this is an agricultural based sector which is the backbone of the economy of the country. We at FNP support the farmers from the bottom of the pyramid who is growing and ensure that his produce reaches the end consumer.

However in this journey we as a commercial activity is severely burdened with local VAT, Service tax, Municipal tax, octroi and direct taxes which cripple our growth and the record keeping which is required at our end is phenomenal. Since 58% of country

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