Haryana to slash VAT rates

Tag : zinc salts

Haryana Cabinet, which met under the chairmanship of chief ministerBhupinder Singh Hooda here on Monday, decided to either exempt orreduce the rate of value added tax (VAT) on certain commodities onrecommendations of the State Level Consultative Committee (SLCC).This decision would benefit the trade, industry and consumers tothe tune of about Rs 75 to 80 lakh per year.
It was decided to exempt coarse maize bran chhilka from tax. Also,now wooden crates, lith film and 19 chemicals and hardware inputswould be taxed at a reduced rate of 4%. These chemicals are used asindustrial inputs.
The chemicals and hardware inputs included lead oxides, red leadand orange lead, hypochorites, commercial calcium hypochlorite,sulphates, alums, peroxosulphates, silicates, commercial alkalimetal silicates, butan-I ol(n-butyl alcohol), ammonium dihydrgenorthophosphate and mixtures thereof with diammonium orthophosphate,cleaning and degreasing preparations, polishes and composition formetal, glues derived from bones, additives, salts, stippers,passivations, intermediates and other chemicals used in varioustypes of electroplatings such as nickel, zinc, copper, satinNickel, chrome brass, silver, gold, aluminium, lead, tin, tincobalt, water treatment chemicals and ion exchangers. The othersuch items included power capacitors, perforated sheets of width 24inch and above, elevator buckets, buckets bolts, other inorganicacids and other inorganic oxygen compounds of non-metals,artificial corundum, whether or not chemically defined, aluminiumoxide, aluminium hydroxide, phenol hydroxybenzene and its salts andrubber crumbs.
The entry number 74 for ethylene, propylene would be replaced withacyclic hydrocarbons. The Cabinet also decided to write off arrearsamounting to over Rs.39 lakh as these had become irrecoverable evenafter resorting to all procedures and efforts. A decision to thiseffect was taken by the Cabinet following the recommendation madeby a Committee headed by excise and taxation minister.
The committee had considered cases of arrears involving upto Rs 5lakh per case. In all, there are 25 such cases for which arrearshave been waived off.