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Haryana government revises goods tax rates in state
July, 01st 2015

Haryana government today approved an amendment in the Punjab Passenger and Goods Taxation Rules, 1952, to revise the rates of goods tax on commercial vehicles.

The rates of goods tax on commercial vehicles have now been rationalised and revised in order to keep up with the passage of time and the rates in the neighbouring states, said an official release.

This will also bring in additional tax revenue to the state, to the extent of about Rs 170 crore per annum, it said.

As per proposed tax slabs, goods tax will be exempted for slab of up to 1.2 tonne while Rs 6,000 will be charged for slab between 1.2 tonne till 6 tonne.

For slab between 6 tonne till 16.2 tonne tax will be Rs 7200 and for slab between 16.2 tonne and up to 25 tonne, the tax will be Rs 12,000 per annum

For slab exceeding 25 tonne, the goods tax will be Rs 18,000. The Cabinet which met under the chairmanship of Chief Minister Manohar Lal Khattar also approved the amendment in Rule 25 of the HVAT Rules, 2003 provides for deductions to be made from the gross turnover of a dealer on the basis of an objection of the Punjab & Haryana High Court.

The amendment in Rule 25 of the HVAT Rules, 2003 has been approved to streamline and clarify the provisions for allowing deductions of value of land from the gross turnover of a works contractor.

The amendment in Rule shall come into force with effect from May 17,2010, the day the existing Rule was inserted in the HVAT Rules, 2003. This amendment will facilitate the tax authorities in deciding the pending cases of assessment, re-assessment and revision relating to builders/works contractors/developers in accordance with law, it said.

The Cabinet also approved the amendment in Schedule E appended to the Haryana Value Added Tax Act, 2003 to restrict the input tax to the extent of the amount of tax actually paid in the course of inter-state trade and commerce and to the extent of output tax liability when goods are sold at a lower price than the purchase price.

As per the amendment, a VAT dealer may claim Input Tax Credit (ITC) of the amount of tax paid by the purchasing dealer to the selling dealer, and may further claim refund of the input tax if the input tax exceeds the output tax liability, it said.

A VAT dealer conducting inter-state sales may claim refund of input tax on account of difference in the rate of tax on purchase of goods and rate of tax on sale of goods in the course of inter-state trade and commerce.

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