JAMMU & KASHMIR BUDGET 2015-16
The Finance Minister of Jammu & Kashmir, Mr.Haseeb Drabu unveiled a Rs.46,473 Crore Budget on 22nd March,2015.
The government has proposed VAT rate changes.
The government has proposed to extend the concession of VAT Remission to the local industry by another year, i.e, upto 31st March,2016.
In order to help the vegetable growers promote their operations, exemption of toll on export of fresh vegetables is announced.
CHANGES IN VAT RATES –
Exemption has been granted for the following items :
|
S.NO |
PARTICULARS
|
PRE-BUDGET |
POST BUDGET |
|
1
|
a)
Paddy
b)
Rice
c)
Wheat
d)
Pulses
e)
Flour
f)
Atta
g)
Maida
h)
Suji
i)
Besan |
Exempted upto 31st March,2015 |
Exemption extended for one more year i.e,
upto
31st March,2016 |
|
2 |
Tree Spray Oil (Agricultural Product) |
4% |
Exempted |
|
3 |
Almond & its kernel |
5% |
Exempted |
|
4 |
a)
Baby
Diapers
b)
Adult
Diapers
c)
Female
Sanitary Napkins |
13.5% |
Exempted |
Reduction in VAT Rate –
|
S.NO |
PARTICULARS
|
PRE-BUDGET |
POST BUDGET |
|
1 |
Aluminium Foil |
13.5% |
5% |
RESOURCE MOBILISATION –
VAT rate on following commodities has been increased:
|
S.NO |
PARTICULARS
|
PRE-BUDGET |
POST BUDGET |
|
1 |
Computer & Computer Peripherals |
Exempted |
5% |
|
2 |
UPS |
5% |
13.5% |
Click to view Jammu Kashmir Budget Speech 2015-16
