Tuesday, February 23, 2010

Vat Rates Increased (4% to 5%) In Haryana Applicable from 15 February 2010


The Haryana Government has issued Notification No. S.O. /H.A. 6/2003/S. 7/2010 dated 15 February, 2010 enhancing the basic rate of tax as mentioned below. The new rate is effective 15 February, 2010.







ParticularsRate up to
14 February 2010
Rate with effect from
15 February 2010
Goods falling under Schedule C and liable to tax at 4%4%5%

However, the following goods shall continue to be liable to tax at 4%:
  • industrial inputs and packing materials, as defined under Entry 102 of Schedule C
  • declared goods, as defined under the Central Sales Tax Act, 1956
Notification mentioned above is as follows:-
HARYANA GOVERNMENT,  EXCISE AND TAXATION DEPARTMENT
Notification , Dated:  15 Feb. , 2010
No. S.O. /H.A.6/2003/S.7/2010. — In exercise of the powers conferred by sub-clause (iii) of clause (a) 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 Value Added Tax dealer on sale of goods specified in Schedules ‘C’ from Serial No. 1 to 101 shall be calculated at the rate of five per cent with immediate effect.

1 comment:

  1. Taxes directly affects the bank nifty index. Traders should keep changes in mind. Epic Research helps traders to adopt changes timely.

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