The Rajasthan State Government yesterday exempted Point of Sale (PoS) machines, including micro ATMs, from Value Added Tax (VAT) in the state.
Point of Sale (POS) devices are used for cashless transactions, both for making payments or disbursing cash.
The Central Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016. Along with this, the Government has also laid increased emphasis on promoting digital payments.
The decision to exempt the machines from VAT was taken on the directions of Chief Minister Vasundhara Raje to encourage small scale businessmen to purchase PoS devices and strengthen the infrastructure for digital and cashless payment in the state, a press release issued said.
Read the full text of the notification below.
