Vat Rate changed from 4% to 5% on Declared Goods.

Friends,  Excise and Taxation Department has issued notification Dated 19.04.2011 regarding enhancement of Vat Rate from 4%  to 5% on declared goods.  Notification of the same is given as under.  Increase in vat percentage on declared goods effects overall India.   

Latest Vat on Declared Goods = 5%

HARYANA GOVERNMENT

EXCISE AND TAXATION DEPARTMENT

Notification

The  19 th April , 2011

No. S.O. 40 /H.A.6/2003/S.7/2011. - In exercise of the powers conferred by subclause (ii) of clause (a) of 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 dealer on sale of ‘declared goods’ specified in section 14 of Central Sales Tax Act, 1956 ( 74 of 1956) shall be calculated at the rate of five per cent with immediate effect. 

       RAMENDRA JAKHU,

          Financial Commissioner and Principal Secretary

to Government, Haryana, Excise and Taxation Department.

Read more: Vat Rate changed from 4% to 5% on Declared Goods. ~ Tds Tax India http://www.tdstaxindia.com/2011/04/vat-rate-changed-from-4-to-5-on.html#ixzz1KWMuFnsY
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