Raj govt exempts PoS machines from VAT

Image
Press Trust of India Jaipur
Last Updated : Nov 30 2016 | 7:32 PM IST
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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 30 2016 | 7:32 PM IST

Next Story