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.
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