Haryana Finance Minister, Capt Abhimanyu has welcomed the reduction of tax rates on four scientific instruments namely measurement rods, tapes, micrometers and calipers from 28 per cent to 18 per cent, by the Goods and Services Tax (GST) Council, as this will protect the interests of scientific instrument manufacturers in Ambala.
The Finance Minister, who was speaking after attending the 16th meeting of the GST Council in New Delhi today, said that Chief Minister Manohar lal, had earlier written to Union Finance Minister, Arun Jaitley, in this regard.
He said that micro, small and medium industries with turnover of up to Rs 75 lakh could now avail the composition scheme, against Rs 50 lakh earlier.
Notably, Haryana Government is gearing up for the implementation of proposed Good and Services Tax (GST) from July 1 onwards.
The State Government has decided to set up a help desk at State headquarter to facilitate the registration of Government departments with GST portal. The enrollment window would open for tax-payers for GST registration on June 19.