Tax sops on purchase of PoS machines in Madhya Pradesh

January 09, 2017 17:45

The Madhya Pradesh government on Monday announced major tax exemptions on purchase of point-of-sale (PoS) machines to promote cashless and digital transactions."There would be exemption of 14 per cent in VAT and two per cent in entry tax on the purchase of PoS machines. State cabinet has approved the proposal in this regard," MP finance minister Jayant Malaiya told journalists after the cabinet meeting.

Also read: The foot soldiers of Modi's cashless India

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