Haryana plans to levy VAT

The Haryana Government is planning to impose VAT on builders, developers and promoters of real estate projects in the state, keeping in view the spur in activity of this sector. The move is aimed to shore up the state's revenues. This tax could see most of the builders falling in its ambit as it is proposed to be levied on any person or entity with a turnover of Rs 5 lakh. Contact: Haryana Government. Website: www.haryana.gov.in