December 16, 2009 10:26 PM

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Delhi Assembly approves VAT (Amendment) Bill 2009

Delhi Assembly has approved the Delhi Value Added Tax (Amendment) Bill 2009 on Wednesday.<br/><br/>The Bill proposes the enhancement of tax rate from present 4 per cent to 5 per cent on the specific goods.<br/><br/>The new tax rate is likely to generate additional resources of 500 crore rupees for the Delhi government.

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