Impact of VAT Reduction in Delhi

This entry was posted on Tuesday, July 20th, 2010 and is filed under Uncategorized.

Earlier in Delhi VAT over dry fruits was 5%. It was then increased to 12.5%. This resulted in shift of trade from Delhi to neighboring states and also VAT loss to Delhi. Because of this, the Delhi Govt is compelled to reduce VAT back to 5%. Traders are happy with the Govt decision and are hoping for smooth business functionality.

Filed Under: Uncategorized