Monday, April 25, 2011

Rate of VAT changed w.e.f. 19.04.2011

Friends,

The State Government of Haryana, Excise and Taxation Department has issued notification Dated 19.04.2011 regarding enhancement of Vat Rate from 4%  to 5% on declared goods.  Notification of the same is given as under.  Increase in vat percentage on declared goods effects overall India.  


HARYANA GOVERNMENT
EXCISE AND TAXATION DEPARTMENT
Notification
The  19 th April , 2011

No. S.O. 40 /H.A.6/2003/S.7/2011. - In exercise of the powers conferred by subclause (ii) of clause (a) of sub-section (1) of section 7 of the Haryana Value Added Tax Act, 2003 (Act 6 of 2003), the Governor of Haryana hereby directs that tax payable by a dealer on sale of ‘declared goods’ specified in section 14 of Central Sales Tax Act, 1956 ( 74 of 1956) shall be calculated at the rate of five per cent with immediate effect.

       RAMENDRA JAKHU,
          Financial Commissioner and Principal Secretary
to Government, Haryana, Excise and Taxation Department.

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