Haryana govt to reduce rate of VAT on scientific instruments

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Press Trust of India Chandigarh
Last Updated : Feb 20 2014 | 8:38 PM IST
The Haryana government today announced to reduce the rate of Value Added Tax (VAT) on scientific instruments from 12.5 per cent to 5 per cent.
Stating this here today, Excise and Taxation Minister Kiran Choudhry said it was a long pending demand of scientific instrument industry functioning in the state.
With the decision, the state government has provided them a major relief by reducing the VAT levied on such instruments to five per cent, she added.
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First Published: Feb 20 2014 | 8:38 PM IST

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