VAT for bicycles costing less than Rs 3,500 exempted in UP
Updated: Sep 15, 2014 04:18:47pm
Lucknow, Sept 15 (KNN) Uttar Pradesh Chief Minister Akhilesh Yadav has announced exemption of VAT for bicycles costing less than Rs 3,500.
"A large number of population in the state uses bicycles as their mode of conveyance specially farmers, labourers, students and the poor people…in both urban and rural areas," a press release quoting the state Chief Minister Akhilesh Yadav said here.
"It is very important to focus on the economic growth of the poor and weaker sections of society", he said.
“Therefore, keeping in view the welfare of these sections, the state government has decided to lower the cost of bicycles", he said.
The Chief Minister said bicycle is also a mode of travel which is pollution free and helps in fitness. (KNN/SD)
"A large number of population in the state uses bicycles as their mode of conveyance specially farmers, labourers, students and the poor people…in both urban and rural areas," a press release quoting the state Chief Minister Akhilesh Yadav said here.
"It is very important to focus on the economic growth of the poor and weaker sections of society", he said.
“Therefore, keeping in view the welfare of these sections, the state government has decided to lower the cost of bicycles", he said.
The Chief Minister said bicycle is also a mode of travel which is pollution free and helps in fitness. (KNN/SD)
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