Delhi govt to increase VAT by 10%

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New Delhi: On Monday the Delhi government tabled a proposal in Vidhan Sabha to increase the upper limit on Value Added Tax (VAT) from 20% to 30%. As per the proposal, Value Added Tax, which is at 20% now, can vary from 12.5 to 30% on all goods, including liquor, CNG, petrol and diesel.

On the other hand Delhi Deputy Chief Minister Manish Sisodia has said that the government has not planned to increase the VAT and that the proposal has been brought in only for the sake of flexibility. On June 25 The Aam Aadmi Party government had presented a Rs 41,129 crore budget and had called it the country’s first “Swaraj” Budget. Sisodia had said the government was planning to bring down VAT rates for certain items

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