Haryana has reduced Value Added Tax (VAT) on textile products and carpets, druggets, woollens, durries, cotton floor durries and rugs from 12.5 per cent to 5 per cent. This is expected to benefit traders to the tune of about Rs150 crore.
The announcement was made by Chief Minister Bhupinder Singh Hooda when he was addressing the representatives of various trade unions who had called on him on Monday from different parts of the State under the Banner of Haryana Pradesh Vayapar Mandal to thank him for taking a number of relief measures for the traders in the State. Hooda also assured the traders that the State Government would favourably consider their demand to give further relief in filling VAT-D 3 Form. He said that the State Government had already increased this limit from Rs10,000 to Rs25,000 for this form.
The textile products on which the VAT has been reduced included pillow covers sold with bed-sheets, comforters, duvet covers, cushion covers, bolster covers and ready to use curtains. Similarly, the relief would also be applicable on textile products like bed-sheets, bed covers, bed-spreads, towels, table cloths, and ladies suits on which any valued addition work like knitting, embroidery work has been done. Hooda said that the aim of the State Government was to ensure a secure and safe atmosphere for the traders and said that any officers found indulged in any illegal practice would not be tolerated at any cost.