CHANGES IN DELHI VAT AFTER DELHI BUDGET 2010

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2010 Hi Frenz,

Anybody has good write up regarding changes in Delhi VAT post budget.

Pls send ASAP,
Thanks in advance !

Have a cheerful day.
Take care dudes

K Bala Kishan

K Bala Kishan (Expert)
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31 March 2010 Hi Boss,
Below is the gist of Delhi VAT Post budget.

Following is gist of key announcements relating to VAT, Entry Tax etc made in State Budget speeches as presented during State Assemblies.

State Budget Provisions regarding VAT/Entry Tax etc

Delhi:

VAT rates of various commodities have been proposed to be changed as follows :
w.e.f. the date of the Notification to be issued Old Rate

S. No.

ITEM Rate

(%) Entry
No. Rate

(%) Entry
No.
A From 12.5% to exempted (0%)
1. Oral Iron Chelator Defarasirox 0 I - 37 12.5 General
B From exempted (0%) to 5%
1. Compressed natural gas (CNG) for use in transport sector 5 III- 0 I - 37
2. Rassi, Ban & Newar 5 III- 0 I - 51
3. Bio inputs like Fertilizers and Micro- nutrients and plant growth promoters 5 III- 0 I - 73
4. Kerosene stoves, lanterns and petromax and their spares 5 III- 0 I - 74
5. Embroidery and zari items 5 III- 0 I - 75
C From exempted (0%) to 12.5%
1. Motion Picture distribution when treated as right to use goods 12.5 General 0 I - 62
2. Plastic scrap/glass scrap 12.5 General 0 I - 61
D From 5% to 12.5%
1. All other scraps 12.5 General 5 III - 167
2. Dry fruits and kesar and magaj of all kind 12.5 General 5 III - 81
3. Desi Ghee 12.5 General 5 III - 181
4. Household plastic items 12.5 General 5 III - 165
5. Plastic and tin containers including barrels 12.5 General 5 III - 118
6. Wood and timber and plywood and laminated boards 12.5 General 5 III - 169
7. Fitting for doors and windows and furniture 12.5 General 5 III - 166
8. Wire mesh and metal mesh 12.5 General 5 III - 179
9. Paint brushes 12.5 General 5 III - 168
10. Tractor tyres and tubes 12.5 General 5 III - 171
11. Cocoa and coffee including coffee beans 12.5 General 5 III - 178
12. Invertors 12.5 General 5 III -
41A(7)
13. All Utensils and cutlery items (including Pressure cookers/ Pans) except those made of precious metals 12.5 General 5 III - 6
14. Fertilizers, pesticides, weedicides, insecticides, herbicides, rodentecides and plant growth regulators (other than those covered in First Schedule) 12.5 General 5 III - 20
15. Glucose D 12.5 General 5 III - 182
16. Locks 12.5 General 5 III - 184
17. Weights and Measures 12.5 General 5 III - 185
18. Fibre Board and particle board 12.5 General 5 III - 186
19. Tea 12.5 General 5 III - 79
20. Writing instruments costing above Rs.
1,000/- 12.5 General 5 III – 76
21. Mobile Phones and all mobile accessories above Rs. 10,000/- 12.5 General 5 III – 41
22. Readymade garments above Rs.
5,000/- 12.5 General 5 III – 57
E From 12.5% to 20%
1. Diesel 20 IV - 12.5 General
2. Aerated Drinks 20 IV - 12.5 General
3. Watches above Rs. 5,000/- 20 IV - 12.5 General

Other key proposals

Government of Delhi has constituted the Delhi Dispute Resolution Society with the objective to establish institutionalized mechanism of alternate dispute resolution. I propose to frame a mechanism of mediation to resolve disputes of Sales Tax / Value Added Tax cases by appropriately amending the DVAT Act, 2004.

Subsidy

Speaker Sir, you may recall that Government of India enhanced the price of domestic LPG by Rs. 50/- in June, 2008. To lessen the burden on consumers, Government of Delhi decided to provide a subsidy of Rs. 40/- on domestic LPG cylinder (14.2 Kg.). Due to this, Government of Delhi is bearing a burden of approximately Rs. 160/- to Rs. 170 crores per annum. However, as the prices of LPG have been reduced by the Central Government in 2009, therefore, I propose to withdraw this subsidy.

Stamp & Registration

The registration fee charged on various documents under Indian Registration Act, as applicable to Delhi, is meager. The maximum registration fees is Rs. 100/- in NCT of Delhi. It is proposed to bring it at more realistic level by raising maximum registration fee to Rs. 500/- and registration fees in other slabs will also be enhanced proportionately. It is likely to generate additional revenue of Rs. 6 crores