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Delhi Budget 2016: In a major relief for Delhiites, the city government on Monday proposed to reduce VAT on a slew of products, including sweets, namkeens and readymade garments, from 12.5 to five percent. The Aam Aadmi Party (AAP) government in Delhi on Monday presented an annual budget of Rs 46,600 crore for 2016-17 — an increase of Rs 8,850 crore over last year. Check out what the Aam Aadmi Party (AAP) made cheaper: (PTI)
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Delhi Budget 2016: Announcing the proposal in the Delhi government's budget for financial year 2016-17, Deputy Chief Minister and Finance Minister Manish Sisodia said that sweets and namkeens are daily consumable items and needed to be made cheaper. He also announced reduction in the VAT on marble from 12.5 to five percent. (PTI)
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Delhi Budget 2016: AAP leader and Delhi Dy CM Manish Sisodia announced that VAT on watches costing above Rs.5,000 has been proposed to be reduced from a high of 20 percent to 12.5 percent. (PTI)
Delhi Budget 2016: "We tried to bring balance in the rates of goods in Delhi on par with other states to avoid outflow of tax. It was made possible through voluntary compliance, and not through imposition," he said. (PTI) -
Delhi Budget 2016: Manish Sisodia said that VAT on battery operated e-rickshaws, hybrid vehicles has been proposed to be reduced from 12.5 percent to 5 percent. (PTI)
