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Uttar Pradesh slashed VAT to 4 pc on over 60 items  

The Uttar Pradesh government today slashed Value Added Tax rates on more than five dozen items including consumer items and electronic goods like camera and LCDs from 12.5 per cent to 4 per cent.



 

The government has also cut entry tax on refrigerators, air-conditioners and AC plants to 1 per cent from 5 per cent, besides reducing rates on writing paper, drinking and packing to 2 per cent.

The tax cut was announced by Chief Minister Mayawati here.

Commodities on which VAT rates have been slashed from 12.5 per cent to 4 per cent include dry fruits, coffee beans and seeds, coco beans and seeds, green leaf tea, all types of pipes including GI, CI and PVC including fittings.

Rates on processed and preserved vegetables and fruits, fruit juice and drinks, medical equipment, devices and implants, electronic typewriter, headphone and earphone, telephone answering machine have also been cut.

Radio, television, digital still video image camera, LED and LCD panel and their spares, electronic calculator, UPS and spares, cordless handsets, line telephone set, digital line system and video phones would also cost less in the state.

The government last year hiked tax rates on a majority of items to 12.5 per cent as a rate rationalisation exercise.

Source : Indopia - India, dated 15/01/2009

 

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