Home » vat

You Searched For "VAT"

The diesel price reduced by Rs 8.36 in Delhi due to the VAT cut. (PTI Photo)

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 July 2020 12:41 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

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 IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

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 IST

File image of a man counting cash at a petrol pump.

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 IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

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 IST

India has the highest retail prices of petrol and diesel among South Asian nations.

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 IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

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 IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

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 Sept 2018 1:02 AM IST

The retail prices of diesel and petrol are the lowest in Delhi, among Indias key metropolitan cities. (Representational Images)

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 Sept 2018 10:53 AM IST

Finance Minister Arun Jaitley (Photo: PTI)

Jaitley asks states to cut VAT on natural gas, other fuel

Jaitley requested other states to explore possibility of having a lower rate of VAT on petroleum products.

18 Aug 2017 1:47 PM IST

GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)

GST to boost job market

Implementation of GST will also fuel huge demand for semi-skilled workers in the country.

7 Aug 2017 3:16 AM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

GST bill tabled in Uttarakhand assembly

GST will replace a plethora of central and state taxes.

1 May 2017 6:48 PM IST