The Haryana government today announced to reduce the rate of Value Added Tax (VAT) on scientific instruments from 12.5 per cent to 5 per cent.
Stating this here today, Excise and Taxation Minister Kiran Choudhry said it was a long pending demand of scientific instrument industry functioning in the state.
With the decision, the state government has provided them a major relief by reducing the VAT levied on such instruments to five per cent, she added.
