Good move by Delhi Govt
The decision was taken as part of the Delhi Budget passed in June. The tax reduction, which came into effect on Saturday, is for items falling under three categories—utensils or cutlery items made of metal (including pressure cookers/pans) except those made of precious metals, wax of all kinds, and wood and timber.
According to the government, it has been decided that VAT will be slashed from 12.5% to 5% on such items in keeping with the amendments made recently to Delhi Value Added Tax Act, 2004. more