04-13-2005, 03:45 PM
What a joke?
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>VAT: Sheila presses for a roll back </b>
Agencies/ New Delhi
In a significant measure that would bring substantial relief to consumers and traders, the Delhi Government today decided to roll back the increase in tax on diesel and LPG and totally exempt life saving drugs and devices from the tax levied under new VAT regime in force since April one.
Besides, the tax has been reduced on about 190 items including stainless steel, utensils and kitchenware excepting crockery.
A number of other items like school exercise books not costing more than Rs 30, vaccine, syringes, khadi readymade garments, footwear costing up to Rs 300 and plastic waste have also been totally exempted from VAT.
The decision was taken by the Cabinet after it reviewed the situation on the 13th day of the implementation of VAT in the capital and found that the sale of diesel had gone down sharply and prices of consumer items had registered steep hike after VAT, Chief Minister Sheila Dikshit told a press conference here.
She said there was 40 t0 50 per cent drop in diesel sale due to the fact that it was cheaper in the neighbouring states which had not implemented VAT.
Ms Dikshit told reporters that the proposals regarding diesel and LPG will be placed before the empowered committee on VAT at its meeting on April 15 and will be made effective after its approval.
However, the decisions regarding exemption or reduction of tax on all other items will be implemented as soon as the government issues a notification, which is likely tomorrow. The proposals have already been sent to the Lt Governor for his approval, the Chief Minister said.
Delhi Finance Minister A K Walia said the roll back will cause the government a loss of Rs 150 crore. <!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>VAT: Sheila presses for a roll back </b>
Agencies/ New Delhi
In a significant measure that would bring substantial relief to consumers and traders, the Delhi Government today decided to roll back the increase in tax on diesel and LPG and totally exempt life saving drugs and devices from the tax levied under new VAT regime in force since April one.
Besides, the tax has been reduced on about 190 items including stainless steel, utensils and kitchenware excepting crockery.
A number of other items like school exercise books not costing more than Rs 30, vaccine, syringes, khadi readymade garments, footwear costing up to Rs 300 and plastic waste have also been totally exempted from VAT.
The decision was taken by the Cabinet after it reviewed the situation on the 13th day of the implementation of VAT in the capital and found that the sale of diesel had gone down sharply and prices of consumer items had registered steep hike after VAT, Chief Minister Sheila Dikshit told a press conference here.
She said there was 40 t0 50 per cent drop in diesel sale due to the fact that it was cheaper in the neighbouring states which had not implemented VAT.
Ms Dikshit told reporters that the proposals regarding diesel and LPG will be placed before the empowered committee on VAT at its meeting on April 15 and will be made effective after its approval.
However, the decisions regarding exemption or reduction of tax on all other items will be implemented as soon as the government issues a notification, which is likely tomorrow. The proposals have already been sent to the Lt Governor for his approval, the Chief Minister said.
Delhi Finance Minister A K Walia said the roll back will cause the government a loss of Rs 150 crore. <!--QuoteEnd--><!--QuoteEEnd-->