New Delhi: A total of 400 petrol pumps, many with CNG dispensing units, began a day-long strike on Monday in protest against Delhi government’s refusal to reduce VAT on fuels. The Delhi Petrol Dealers Association (DPDA) said the Delhi government’s inaction was hampering their business as the neighbouring states of[Read More…]
Tag: VAT
Delhi petrol pumps to shut for 24 hours starting Monday
New Delhi: Fuel pumps in the national capital will remain shut for 24 hours starting Monday 6 a.m. to press the Delhi government to lower value-added tax (VAT) on the key transport fuels. The central government as well as several state governments, including Haryana and Uttar Pradesh, slashed fuel prices,[Read More…]
Jharkhand petrol pumps shut demanding lower VAT
Ranchi: Around 1,200 petrol pumps were shut across Jharkhand on Monday for 12 hours in support of demands for a lower Value Added Tax (VAT). The Jharkhand Petroleum Dealers Association said the sale of diesel had fallen due to rising prices. “When the BJP government took charge in Jharkhand, the[Read More…]
BJP supporters indulge into cat-fight among themselves over rising petrol prices under Modi governance
While the nation faces the fury of rising Rupee mark and increasing petrol prices in the Modi-led BJP governance, two of the party supporters – Sanju Verma and Sonam Mahajan – get into a heated argument among themselves on national television, debating over the failure or success of Narendra Modi’s[Read More…]
Saudi Arabia, UAE introduce VAT for first time
Riyadh: Saudi Arabia and the United Arab Emirates (UAE) introduced the Value Added Tax (VAT) for the first time from Monday. It is a five per cent tax on most goods and services to boost revenue. The VAT will be applied to food, clothes, electronics and gasoline, phone, water, and[Read More…]
After Maharashtra and Gujarat, Madhya Pradesh slashes VAT on petrol by 3 %
Following the lead of Maharashtra and Gujarat, the Madhya Pradesh Government on Friday slashed the Value-Added Tax (VAT) on prices of petrol by 3 % and diesel by 5 %. An additional Rs. 1.50 have also been reduced on the same. Earlier the Centre had announced that the excise duty[Read More…]
VAT on petrol, diesel lower in Bihar than many states: CM Nitish Kumar
Bihar chief minister, Nitish Kumar, on Monday said the state’s Value-Added Tax (VAT) on fuel is the lowest among many states. His statement comes after union petroleum and natural gas minister, Dharmendra Pradhan, appealed the state governments to cut the VAT on petroleum products by five %. “Bihar’s Value-added tax[Read More…]
PM Modi reviews GST progress ahead of July 1 roll-out
On Monday, Prime Minister Narendra Modi, in view of the Goods and Services Tax (GST) said that the roll-out of the new indirect tax regime from July 1 will be a turning point for the economy. Notably, this was the first PM’s review on the freshly finalised rates by the[Read More…]
Budget: Karnataka govt puts limit of Rs 200 on film ticket; VAT on liquor removed
The movie tickets cannot be priced above Rs 200 each in multiplexes across the state as per the Karnataka Budget presented by Chief Minister Siddaramaiah on Wednesday. The Karnataka Budget for 2017-18 has proposed numerous measures that will bring a smile to alcohol and cinema lovers. The value-added tax (VAT)[Read More…]