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VALUE ADDED TAX (VAT) NEWS

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JDU slams Centre over GST compensation

November 26, 2022 1:37 am

“The VAT system was much better as it was the state government that used to collect it. Not only did it (the Centre) stop compensating for replacing VAT with GST, but it also levied five per cent GST on hospital beds and some life-saving drugs,” JD(U) spokesperson Sunil Singh said.

Kejriwal: Will end ‘raid raaj’, set up advisory body for traders

August 07, 2022 12:09 am

The AAP chief, who arrived in the state for a two-day visit Saturday, also alleged that GST officers were armtwisting businessmen and warning them against attending his town hall.

GST's half-a-decade journey: Tech usage to plug revenue leaks, Rs 1.3 lakh cr monthly tax 'new normal'

June 30, 2022 2:41 pm

On July 1, 2017, at midnight, a countrywide Goods and Services Tax (GST) was implemented, replacing 13 cessers and 17 local levies including VAT, service tax, and excise duty.

Let's make GST a good and simple tax

May 06, 2022 9:26 am

M Govinda Rao writes: Existing rate structure needs to be rationalised. There should be only two rates

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Cooking gas and CNG rates fall as Maharashtra cuts value added tax 10.5%

April 01, 2022 2:51 pm

The decision to slash the tax was announced by Deputy Chief Minister Ajit Pawar during the Assembly’s budget session, which concluded on March 25.

petrol, diesel, fuel prices, Value Added Tax, Union Territories, VAT, Gujarat, Uttar Pradesh, Karnataka, Bihar, Haryana, petrol prices, diesel prices

Centre’s fuel tax relief: More states, Union Territories follow up, cut VAT

November 06, 2021 8:12 am

Steady rise in crude, elevated taxes had heated up prices. All 17 NDA-led states, including Gujarat, Uttar Pradesh, Karnataka, Bihar and Haryana, have cut state taxes on petrol and diesel.

Centre will ask states to cut VAT on petrol, diesel: MoS Finance Bhagwat Karad

November 05, 2021 7:46 am

Karad said that taking a cue from the Centre, it is now for state governments to provide some tax relief.

petrol, petrol price, diesel, diesel price, fuel price, VAT

After govt reduces excise duty, states slash VAT on fuel

November 04, 2021 3:00 pm

Assam announced a reduction in VAT on both the fuels by Rs 7 per litre with immediate effect. Chief Minister Himanta Biswa Sarma announced the state government’s decision on Twitter.

Rajasthan govt announces 2 pc cut in VAT on petrol, diesel

January 29, 2021 12:43 pm

Chief Minister Ashok Gehlot said in a statement that the government of India is currently charging an excise duty of Rs 32.98 per litre on petrol and Rs 31.83 per litre on diesel, which is excessive.