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%
EXCISE AND TAXATION DEPARTMENT
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.
Financial Commissioner and Principal Secretary
to Government, Haryana, Excise and Taxation Department.