ACs may cost more in Delhi, tax hike likely | Latest News Delhi - Hindustan Times
close_game
close_game

ACs may cost more in Delhi, tax hike likely

Hindustantimes.com | By, New Delhi
Jun 01, 2013 12:24 AM IST

After 45°C temperatures and long power cuts, your summer this year is set to become worse with the Delhi government turning up the heat to burn a hole in your pocket.

After 45°C temperatures and long power cuts, your summer this year is set to become worse with the Delhi government turning up the heat to burn a hole in your pocket.

HT Image
HT Image

It is considering increasing the value-added tax (VAT) on air-conditioners, whose sales have skyrocketed in step with the mercury.

Hindustan Times - your fastest source for breaking news! Read now.

According to sources, at the annual meeting of the Planning Commission for the Capital on Friday, the CM said that AC sales are on the rise while inverters are seeing a dip as power supply becomes more reliable. The government is likely to hike the VAT on ACs to offset the tax revenue loss resulting from the fall in the sale of inverters.

At present, the VAT on ACs is 12.5% of the purchase price.

Even as Delhi continues to reel under long blackouts, the panel’s deputy chairperson Montek Singh Ahluwalia expressed satisfaction over the power situation.

The commission approved a plan of Rs. 16,626 crore for 2013-14 for Delhi, compared to Rs. 15,139 crore for the last financial year.

Unveiling 'Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Chetan Chauhan is National Affairs Editor. A journalist for over two decades, he has written extensively on social sector and politics with special focus on environment and political economy.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On