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Army personnel to get VAT exemption on purchase of vehicles
STAFF WRITER 15:42 HRS IST Lucknow, Nov 25 (PTI) Army personnel will get exemption from Value Added Tax (VAT) on purchase of two-wheelers and light motor vehicles from CSD canteens in the state, official sources said here today.
"A notification to give exemption to Army personnel on purchase of vehicles from canteens was issued by the Tax and Registration department yesterday," they said.
As per the notification, exemption in VAT would be limited to sale of 3,000 motorcycles, scooters and mopeds and 1,200 four-wheelers every year, they said adding that serving personnel of Indian Army, other security establishments and ex-servicemen will get the benefit of tax exemption.
This tax exemption will, however, result in Rs 7.29 crore annual revenue loss to the state government, official sources said.
The notification also stated that Army personnel willing to avail tax exemption will be required to get an authority letter from the commanding officer.
fullstory
STAFF WRITER 15:42 HRS IST Lucknow, Nov 25 (PTI) Army personnel will get exemption from Value Added Tax (VAT) on purchase of two-wheelers and light motor vehicles from CSD canteens in the state, official sources said here today.
"A notification to give exemption to Army personnel on purchase of vehicles from canteens was issued by the Tax and Registration department yesterday," they said.
As per the notification, exemption in VAT would be limited to sale of 3,000 motorcycles, scooters and mopeds and 1,200 four-wheelers every year, they said adding that serving personnel of Indian Army, other security establishments and ex-servicemen will get the benefit of tax exemption.
This tax exemption will, however, result in Rs 7.29 crore annual revenue loss to the state government, official sources said.
The notification also stated that Army personnel willing to avail tax exemption will be required to get an authority letter from the commanding officer.
fullstory