KNN Bureau States 28 Mar 2016 20:27:08 <p dir="ltr"> <b><b><img alt=" Delhi Budget: Good start but AAP Govt needs deep study, says CAIT" src="http://knnindia.co.in/knnuploads/uploads 4.1.14/vat-28-3-16.jpg" style="border-width: 1px; border-style: solid; margin: 1px; float: left; width: 320px; height: 220px;" /></b>New Delhi, Mar 28 (KNN) </b>The Government has slashed the Value Added Tax (VAT) on several items, mostly manufactured by MSMEs, from 12.5 percent to 5 percent. A move welcomed by the traders of Delhi.<br /> <br /> Talking to KNN, the Delhi Chairman of Confederation of All India Traders (CAIT) Naredra Madan said that it is a good start by Delhi Government.</p> <p dir="ltr"> &quot;More the tax slab will go down, more the revenue generation will increase,&quot; he said.</p> <p dir="ltr"> Deputy Chief Minister Manish Sisodia tabled the Delhi Budget for the year 2016-17 in the Assembly today. This is the second time Aam Aadmi Party has presented its budget.</p> <p dir="ltr"> However, CAIT chief said that they have to think more to bring the VAT rate down more in many things.</p> <p dir="ltr"> He suggested that Delhi Government needs more deep study.</p> <p dir="ltr"> He proposed that the association can sit with Delhi Government and can show disparity.</p> <p dir="ltr"> &quot;VAT should be brought down in automobile, timber, tea, chemicals, food grains etc. things,&quot; said the chairman.</p> <p dir="ltr"> As compare to previous Government it is a&nbsp; good Budget, he added. <b>(KNN Bureau)</b></p> 14217 http://knnindia.co.in/states/-delhi-budget:-good-start-but-aap-govt-needs-deep-study,-says-cait/32-14217.go 28 Mar 2016 20:27:08 KNN