scorecardresearch
Follow Us:
Friday, January 28, 2022

vat

VAT NEWS

Gujarat: Aviation turbine fuel tax to be reduced by 20 pc

January 05, 2022 2:34 am

The tax-relief -- the second time in 21 days -- is expected to benefit private aviation companies, especially those trying to operate intra-state flights.

Puducherry reduces VAT on petrol, diesel by Rs 7

November 05, 2021 6:45 am

Chief Minister N Rangasamy said that with the Centre slashing the excise duty on petrol by Rs 5 and on diesel by Rs 10, the territorial government decided to reduce the VAT on the petroleum products by Rs 7.

Will we write an elegy for GST?

June 20, 2021 8:38 am

P Chidambaram writes: Mr Modi’s government has weaponised the GST to browbeat states. The GST Council has been reduced to a talking shop

VAT income dipped 11% in 2020: Gujarat Govt

April 01, 2021 7:40 pm

In response to a question by Congress MLA Virji Thummar, the state government said a total of Rs 22,697 crore was earned during 2019 from VAT which is one of the top revenue spinners for the state.

Gujarat government’s earnings from VAT on fuel cross Rs 14,000 crore

December 21, 2019 1:09 am

The government has witnessed a spike in revenues from VAT on fuel, despite slashing the tax twice in 2017 and 2018 by a total of seven percent. In October 2017, the state government ahead of the state Assembly elections, pulled down the VAT rates on fuel by four percent to 20 percent.

Chandigarh: Fuel prices back nearly where they were pre-cuts

October 17, 2018 7:27 am

Effective October 5, the Union Government had announced a cut of Rs 2.50 per litre on fuel. Following the Centre’s decision, the Haryana government too reduced VAT, slashing a total of Rs 4.60 off per litre diesel and Rs 4.38 off per litre petrol.

'Gujarat VAT cut on fuel not sharp, but better than price hike'

October 11, 2017 1:00 am

According to Pavan Mishra, Manager at a Shell pump, decrease in fuel prices will increase the sale. “Though there hasn't been a significant decrease, it still is better than a price hike,” he said.

Gujarat government cuts VAT by 4 per cent on petrol, diesel

October 11, 2017 12:40 am

With this rate cut, the price of petrol will come down by Rs 2.93 and that of diesel by Rs 2.72 in the state from Tuesday midnight, CM Vijay Rupani said. The new price of petrol in Gujarat will be Rs 67.53 per litre.

After excise duty cut, Centre wants states to slash VAT by 5 per cent on fuel

October 05, 2017 4:24 pm

"We urge states to take responsibility just like the centre did, in direction of consumer interest. If states slash VAT (on fuel) by 5%, consumers will get more relief," said Dharmendra Pradhan.

VAT evasion scam: As Haryana accuses SIT of inflating figures, High Court asks ED to verify scam amount

September 14, 2017 1:00 am

Last month, Haryana government, however, told the High Court that it strongly denied the claims of the SIT, adding that the figure was exaggerated by the latter just to make its report sensational.

Advertisement
Advertisement
Advertisement