Madhya Pradesh govt to waive off 14% VAT, 2% entry tax on using PoS machines
BHOPAL: In an effort to promote cashless transactions, the Madhya Pradesh government has announced to waive off 14% Value Added Tax (VAT) and 2% Entry Tax on purchase of point of sales (PoS) machines.
A decision to this effect was taken by the state government on Thursday with chief minister Shivraj Singh Chouhan saying that government will encourage cashless transactions in all departments to promote digital economy.
“The state government would also discuss the issue of enhancing Internet connectivity with the Centre,” said Chouhan in a meeting to discuss measures to encourage cashless transactions in the state.
Finance Minister Jayant Malaiya who informed about demonstration based training for digital transactions, said all government employees have been asked to join the basic training for cashless transactions.
The chief minister also discussed the issue of online payment of fees by the students and said that it would be implemented in a phased manner.