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Raj govt exempts PoS machines from VAT

Press Trust of India  |  Jaipur 

The today exempted point-of-sale (PoS) machines, including micro ATMs, from value added (VAT) to encourage cashless transactions in the state.

The decision to exempt the machines from VAT was taken on the directions of Chief Minister Vasundhara Raje to encourage small scale businessmen to purchase PoS devices and strengthen the infrastructure for and cashless payment in the state, a release issued here said.



There was 14.5 per cent VAT on PoS machines which has been exempted by a notification issued today, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Raj govt exempts PoS machines from VAT

The Rajasthan government today exempted point-of-sale (PoS) machines, including micro ATMs, from value added tax (VAT) to encourage cashless transactions in the state. The decision to exempt the machines from VAT was taken on the directions of Chief Minister Vasundhara Raje to encourage small scale businessmen to purchase PoS devices and strengthen the infrastructure for digital and cashless payment in the state, a release issued here said. There was 14.5 per cent VAT on PoS machines which has been exempted by a notification issued today, it said. The today exempted point-of-sale (PoS) machines, including micro ATMs, from value added (VAT) to encourage cashless transactions in the state.

The decision to exempt the machines from VAT was taken on the directions of Chief Minister Vasundhara Raje to encourage small scale businessmen to purchase PoS devices and strengthen the infrastructure for and cashless payment in the state, a release issued here said.

There was 14.5 per cent VAT on PoS machines which has been exempted by a notification issued today, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
177 22

Raj govt exempts PoS machines from VAT

The today exempted point-of-sale (PoS) machines, including micro ATMs, from value added (VAT) to encourage cashless transactions in the state.

The decision to exempt the machines from VAT was taken on the directions of Chief Minister Vasundhara Raje to encourage small scale businessmen to purchase PoS devices and strengthen the infrastructure for and cashless payment in the state, a release issued here said.

There was 14.5 per cent VAT on PoS machines which has been exempted by a notification issued today, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22