Sunday, Jul 14, 2024 | Last Update : 04:08 PM IST


Diesel gets cheaper by Rs 8 in Delhi due to VAT cut

Kejriwal Thursday announced a reduction in the Value Added Tax on diesel from the existing 30 per cent to 16.75 per cent

30 Jul 2020 12:41 PM

Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel

Currently, airlines have to pay charges such as 'throughput charges', 'into plane charges' and 'fuel infrastructure charges.'

18 Aug 2019 11:56 AM

BMW, Mercedes-Benz lower prices in China after VAT drop

BMW would reduce prices for both domestically produced and imported models.

16 Mar 2019 4:54 PM

Petrol prices rule high as govt stubborn on fiscal target

Centre collected a staggering Rs 2,29,019 crore as excise revenue from the petroleum sector in FY18.

18 Sep 2018 10:53 AM

States can cut fuel prices, says SBI arm

States across the country impose VAT or sales tax on petrol and diesel which vary from one to another.

12 Sep 2018 1:02 AM


Single GST rate is not possible, says Modi

The Prime Minister said earlier many taxes were hidden and under GST “what you see is what you pay”.

02 Jul 2018 6:46 AM

Ease of doing business to be key for states

One of the advantages of the GST regime is the elimination of multiple taxes.

01 Jul 2018 6:54 AM

States reluctant to include fuel, liquor

Liquor, LPG, natural gas, aviation turbine fuel (ATF), petrol and diesel are exempt from GST.

01 Jul 2018 6:50 AM

Fuel prices may not change under GST

The peak GST rate plus VAT will be equal to the present tax incidence.

21 Jun 2018 11:43 AM

No pure GST on petrol, diesel; 28 pc tax plus VAT on anvil under GST

The timing of including petrol products in GST will be a political call.

20 Jun 2018 1:51 PM


Petrol prices cut for 13 days in a row, diesel prices come down

Oil firms cutting rates by 19-21 paise per litre in case of petrol, diesel prices were cut by 15-16 paise per litre.

11 Jun 2018 12:53 PM

Tax reforms to expand revenue base in India: Moody's

India and Sri Lanka have both recently streamlined and levied their VAT or GST regimes.

31 May 2018 3:51 PM

Centre earns Rs 665 crore a day from excise on oil

Excise duty on petrol was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre since Nov 2014.

30 May 2018 9:49 AM

Tamil Nadu govt hints it may not cut VAT on fuel

Both petroleum products and liquor sales in the state are covered under the VAT regime.

21 May 2018 3:31 PM

11 Saudi princes protesting austerity measures detained: report

They were also demanding compensation for a death sentence issued against a relative at the royal gathering.

06 Jan 2018 7:05 PM


GST regime more primitive than VAT: Amit Mitra

Mitra optimistic about the overall growth of exports from West Bengal.

22 Dec 2017 2:38 PM

GST effect in Gulf countries

A VAT will impact cost of living and bring down job opportunities for immigrants.

09 Dec 2017 12:30 AM

State cuts petrol by Rs 2, diesel by Rs 1

Revised fuel rates were applicable from Tuesday night.

11 Oct 2017 1:22 AM

Maharashtra government to reduce fuel VAT soon?

The state government has been criticised for having the highest taxes.

06 Oct 2017 2:36 AM

Easing the burden?

Reducing number of GST slabs won’t benefit the poor, or those hit hardest by the tax.

05 Oct 2017 3:29 AM