Wednesday, February 13, 2013

No VAT on wheat for AAY beneficiaries



by Haryananewswire
CHANDIGARH, FEB 13
The  Haryana Chief Minister, Mr Bhupinder Singh Hooda, today announced to exempt  wheat , being given to beneficiaries of Antodya Anna Yojana (AAY) under Targeted Public Distribution System (PDS), from Value Added Tax (VAT).
          The Chief Minister said that the decision would benefit such beneficiaries to the tune of about Rs 1.50 crore in a year.
          Mr Hooda said that the State Government was already giving a subsidy of Rs 6.35 crore on wheat being given to AAY beneficiaries. Also, the State Government had abolished VAT on distribution of kerosene oil under PDS in the State.
          The decision to exempt wheat from VAT for AAY beneficiaries has brought its price in conformity with the directions of Government of India, which is Rs two per kg.
           At present, VAT at a rate of five per cent was being charged which comes to Rs 12.50 per quintal

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