Fee exemption! Good money news for businesses of turnover of up to Rs 5 lakh per annum in this state

It's a good news in terms of financial savings and money for small traders with turnover of up to Rs 5 lakh per annum in the state of Haryana. The Haryana government on Tuesday said it has decided to provide one per cent exemption of market fee to small traders with turnover of up to Rs 5 lakh per annum.

An official spokesperson said Chief Minister Manohar Lal Khattar has approved a proposal in this regard. He said for this, necessary amendments would be made in Haryana Agricultural Produce Markets (General) Rules, 1962.

How to claim refund?

The refund can be claimed by any small trader who would submit a final annual return in the market committee on the closure of a financial year, showing his total annual turnover from sale purchase of agricultural produce in Haryana was less than Rs 5 lakh in the previous year.

He would be entitled to claim a refund of up to one per cent market fee on the said turnover if he has deposited any market fee in any market committee of the state, the spokesperson added.

Earlier, extending New Year's greetings to the public, Haryana Chief Minister Manohar Lal Khattar had warned people to remain on guard despite a declining trend in coronavirus cases in the state.

"It is a matter of relief that coronavirus cases in the state are now gradually reducing, but we still have to take precautions," Khattar had tweeted. "May this New Year pave the way for happiness, prosperity and progress in your lives," he added.