To make Delhi a world class tourist destination, the Government of Delhi is preparing a tourism policy and master plan for promotion of tourism and tourism infrastructure for Delhi Tourism. For this, the Delhi Government has earmarked a total expenditure of Rs 119 crore for Tourism sector in 2017-18. This includes revenue budget of Rs 69 crore and capital budget of Rs 50 crore. An amount of Rs 117 crore is earmarked for implementation of various schemes, programmes and projects under Tourism sector. With aim to promote Delhi as a film shooting destination, the Delhi Government has proposed to introduce “Single Window Clearance Mechanism” for film making facility so that the legal formalities to shoot in the city can be completed by visiting only one Government Office. “Smooth system is being developed for granting permission to Film Producers and to provide them with consolidated information on guidelines for shooting and to make film shooting a hassle free experience,” said Manish Sisodia, Deputy CM, Government of Delhi, in his annual Budget speech for 2017-18. A Soft Adventure Park at the Garden of Five Senses has also been developed as an eco-friendly project to attract more visitors to garden which is surrounded by a sprawling lush green garden which provides a mystic ambience to the adventure park. The government has also planned to develop the Riverfront of River Yamuna and make a World Class Ecological River Front of 5 km upstream of Wazirabad. “This will create a place that allows people to connect with nature and the River Yamuna. It will also help spread awareness about the importance of the River and its protection and mobilise people towards the improvement of the …
Read More »Delhi Govt. proposes VAT cut on ATF from 25% to 1%
To give a boost to the Civil Aviation Operators, the Government of Delhi has proposed to reduce the VAT rate to 1 per cent from existing 25 per cent on their purchases of Air Turbine Fuel (ATF) in Delhi. Revealing this in Budget for 2017-18, Delhi’s Deputy Chief Minister Manish Sisodia said those who have opted to operate under Regional Connectivity Scheme i.e. RCS (Udan) and will ply the fights on RCS routes (involving Delhi) between an identified pair of origin and destination airports/helipads can benefit from this tax cut.
Read More »Luxury Tax threshold limit increased to Rs 1,500
In a bid to simplify tax regime, Delhi Government has announced increase in threshold limit of Luxury Tax from existing Rs 750 to Rs 1,500. “This will reduce tax burden on citizens and tourists and make it easy for small hotels to do business,” said Delhi Deputy Chief Minister and Finance Minister Manish Sisodia. The government has decided to introduce self declaration in Luxury Tax. Assessment of all hotels is compulsory and will be done on random basis. The revenue collection from Luxury Tax has seen an increase of 36.7 per cent. As against last year’s Rs 322 crore of revenue from Luxury Tax, this year will exceed Rs 440 crore is estimated to be collected. Last year, the government had enhanced Luxury Tax from 10 per cent to 15 per cent for all applicable establishment.
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