Bicycles, kerosene stoves to be cheaper, sweets costlier

Last Updated: Tuesday, March 22, 2011 - 19:25

New Delhi: Bicycles, kerosene stoves,
lanterns, petromax lamps and sanitary napkins will become
cheaper while bidis, furnishings and suitings and sweetmeats
will become costlier under new tax proposals in Delhi
government`s budget.
Bicycles with an MRP upto Rs 3,500 are proposed to be
exempted from VAT. Similarly, kerosene stoves, lanterns,
petromax lamps have also been proposed to be exempted from
VAT.



A VAT of 12.5 per cent would be imposed on unmanufactured
tobacco, making bidis and hookah smoking more expensive.
`Khandsari` sugar and textiles have also been exempted
from VAT.



The VAT on sweetmeats and `namkeen` has been increased to
12.5 per cent from existing five per cent.



Sanitary napkins costing upto Rs 20 have also been
exempted from VAT.



Industrial textiles such as canvas belts, filter
clothes and furnishing and suitings are proposed to be taxed
at five per cent, Delhi Chief Minister Sheila Dikshit said
presenting the annual budget today.



PTI



First Published: Tuesday, March 22, 2011 - 19:25

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