Delhi Budget 2013-14

Delhi Budget (2013-2014)

Highlights of Delhi budget 2013-14 presented by the Delhi CM on 20-03-2013. These changes will take effect from the date to be notified later on.

Proposed Changes in Delhi VAT.

• Online registration under the Delhi VAT Act and Central Sales Tax Act
• Uniform tax period for all dealers irrespective of their turnover, which will be "a quarter" i.e. no monthly return.
• Increase in Exemption Limit for registration from Rs. 10 lacs to Rs. 20 lacs
• Instead of submitting the hard copy of the entire DVAT return, dealers will file the signed copy of the acknowledgment, downloaded from the web-site (Same practice as followed under the Income Tax Act);
• If the dealer voluntarily admits its tax liability at the time of field inspection/survey and deposits the tax due under the Act – Mitigation of penalty up to 80%
• A new Composition Scheme for Works Contractors, effective from 01.04.2013, has already been notified, which will replace the existing Composition Schemes
• Items exempted from VAT - Refused derived fuel, Tiles made from malba, Chilly spray used for self defense, Empty pencil, geometry box, charki and manza used for kites, organic gulal and organic colours, all types of footwear having MRP upto Rs. 500
• VAT Reduced from 12.5% to 5% on LED Lights and Desi Ghee

Miscellaneous

• Financial support of Rs.1,000 per month for transgenders living in Delhi for at least 3 years.
• Monthly aid of Rs.1,500 for senior citizens, differently-abled person and women in distress.
• Two new hostels, one each for boys and girls, for blind university students.
• Residential school for scheduled castes/Scheduled Tribes/other backward class/minorities students
• One-time grant of Rs.100,000 to RWAs which offer to provide house essential equipment and open the facility to public at no profit no loss basis.
• 100 new ambulances to be procured for Centralised Accident & Trauma Services (CATS).
• Rs.5 crore fund for the welfare of journalists of Delhi.
• Rs.150 crore to improve level of civic services in industrial estates.
• Seven new hospitals and nine new dispensaries.
• Five new Rajakiya Pratibha Vikas Vidyalaya (RPVV), and one RPVV for exclusive science. Thirty-four new school buildings to be completed in 2013-14.
• Skill Development Centre to come up at Jaunapur.
• Ownership rights to be granted for 45 JJ resettlement colonies.
• New water treatment plant of 31 MGD at Palla.
• Procurement of 625 low floor and 1,100 other buses.
• Eight thousand new auto rickshaws for corporate houses on the lines of radio taxis.

CA Rahul Jain

+91-9811613999

Email: rahuljain@rpmd.in

Website: www.rpmd.in