Directorate of Information & Publicity 
DIRECTORATE OF INFORMATION AND PUBLICITY
GOVERNMENT OF NCT OF DELHI
- HIGHLIGHTS OF GOVERNMENT OF NCT OF DELHI BUDGET- 2016-17
Dated : 29/3/2016
(PART-B)
Due to transparent, honest, efficient and effective governance, the overall revenue for the fiscal year 2015-16 has grown at an unprecedented rate of 17% as compared to previous year.
Proper care has been taken in formulation of Tax Policy so that the dipstributive character of Delhi is maintained.
VAT constitutes nearly 65% of total tax revenue.
Multiple entries relating to some items create ambiguity and confusion which leads to harassment of traders. It has been attempted to simplify the taxation by bringing them into one entry.
Utmost encouragement to voluntary compliance of tax has been attempted for a strong partnership with trade.
VAT rate on battery operated transport means i.e. e-rickshaw, battery operated vehicle and hybrid automobile has been proposed to be reduced from 12.5% to 5%.
VAT on Sweets and Namkeens has been proposed to be reduced from 12.5% to 5%.
Tax rate on readymade garments costing above Rs.5,000/- has been proposed to be reduced from 12.5% to 5%.
VAT on marble is proposed to be reduced from 12.5% to 5%.
VAT rate on watches costing above Rs.5,000/- has been proposed to be reduced from 20% to 12.5%.
Rationalization of tax on textiles and fabrics by applying uniform tax of 5% on all varieties of textiles and fabrics (including sarees except khadi and handloom fabrics) has been proposed.
Tax on plastic waste has been proposed to be levied @5%.
VAT on UPS units has been proposed to be increased to 12.5%.
Currently footwears costing above Rs.500/- and school bags costing above Rs.300/- are taxable @12.5%. It is proposed to apply uniform VAT rate of 5% on all kinds of footwear and school bags irrespective of price.
By launching of new scheme “Bill Banvao Inaam Pao” powerful impetus has been given to public participation.
An award scheme has been launch for “Market Association”
In Excise Department, the Inspector Raaj has been done away and point of levy of excise duty has been shifted from transport permit level to import permit level, this has resulted 31% increase in excise revenue collection.
Luxuries Tax collection has increased 36.7%, while Entertainment Tax collection increased to 60%. Threshold limit of luxury tax is proposed to be increased from existing Rs.750 to Rs.1500/- per day per room.
Introduction of self declaration proposed in luxury tax.
Amendments have been proposed in section 17 of Registration Act so as to make compulsory registration of several new instruments.
It has been proposed to start online search facility for registered documents shortly. All legacy data since 1985 shall be scanned digitized and readily made available to public.
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