Related Keywords: Aam Aadmi Party (AAP) government, also the Finance Minister, bring down price of consumer products, Deputy Chief Minister of Delhi, led by Arvind Kejriwal, lower VAT would increase tax collections, Manish Sisodia, presented Zero tax budget, proposed to simplify the tax on textile and fabric, slashed value added tax, VAT on wide range of good
The Arvind Kejriwal-led Aam Aadmi Party (AAP) government on Monday presented a "zero-tax" Budget which slashed the value added tax (VAT) on a wide range of goods to bring down prices of consumer products such as readymade garments. It was increased the outlay in the annual Budget for Delhi to Rs 46,600 crore for 2016-17, which represents a Rs 8,850 crore increase over the corresponding figure of the previous year without levying any fresh taxes which is referred to as a "zero-tax'' Budget.
