Delhi AAP Govt Slashes VAT Rates From 12.5 Pc To 5 Pc

01 August, New Delhi

Delhi government has slashed Value Added Tax, VAT rates from 12.5 percent to 5 percent in three categories. These categories are metal utensils, wax of all kinds, wood and timber.

An official release said Delhi government has notified more than seven percent reduction in the VAT in keeping with AAP government’s agenda of implementing pro-people tax reforms.

It said government is committed to removing taxes which result in consumers paying more for no valid reasons.