State Minister: Anura Priyadarshana Yapa says, the benefits of the reduced VAT need to be directly enjoyed by the consumer.
He further states, certain traders are withholding the benefits from the consumer, by not reducing prices by the decreased VAT amount, and by saying that prices have increased.
Speaking to the SLBC, the State Minister said, this situation is being monitored these days. He added, the objective in bringing down the VAT on essential goods was to grant relief to the consumers.
He also stated, the Lak Sathosa organization – which was earning a profit in 2014 – has turned into a loss-making inefficient organisation, due to improper administration.