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Rajasthan removes VAT on PoS machines

Press Trust of India  |  Jaipur 

today exempted Point of Sale (PoS) machines including micro ATM from VAT to encourage cashless transactions.

The move taken at the direction of the Chief Minister Vasundhara Raje would encourage small scale businessmen to purchase the PoS devices and strengthen the infrastructure for payment in the state, a release said.

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

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

First Published: Wed, November 30 2016. 20:48 IST