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Latest Articles in value added tax

Diesel Price Hiked Again; Wipes Out Rs 2.5/Litre Cut

The government had, with effect from October 5, cut excise duty on petrol and diesel by Rs 1.50 per litre and asked state-owned oil firms to subsidise the fuel by another Re 1 a litre

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Madhya Pradesh Government Cuts VAT On Petrol, Diesel

The Madhya Pradesh government has decided to reduce VAT on petrol by 3 per cent. The VAT on diesel is reduced by 5 per cent

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Reduce VAT Burden On Petroleum Products: Arun Jaitley To State CMs

The letter by finance minister highlights a concern being raised by the manufacturing sector in the country regarding the rise in input costs of petroleum products happening on account of transition to GST regime

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GST Will Not Affect Textile Business: Haryana CM

"Textile has been placed in the slab of 5 per cent under the GST. Presently, there is an embedded tax of central excise duties of 3.38 per cent and 2.8 per cent of value added tax (VAT) on cotton yarn," he said.

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The Impact Of GST On Residential Real Estate

GST replaces the multiple taxes levied by the central and state governments and will become subsumed of all the indirect taxes, including central excise duty, commercial tax, octroi tax/charges, Value-Added Tax (VAT) and service tax.

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Natural Gas May Be Included In GST, To Benefit ONGC

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.

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Maharashtra Unveils Rs 34000 Crore Loan Waiver, 89 Lakh Farmers To Benefit

This Rs 34,020 crore loan waiver scheme -- 'Chhatrapati Shivaji Maharaj Krushi Sanman Yojana' -- will benefit total 89 lakh farmers in the state, out of which 40 lakh cultivators will become debt-free.

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Delhi Govt Presents Rs 46,600 Crore Budget, No Fresh Taxes

A major highlight of the budget is rationalisation of VAT structure, bringing it on par with the rates prevailing in the neighbouring states

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Industry Expects Relief From Double Taxation For Ease Of Doing Business

While the central government is pursuing its objective to provide a certain and stable tax regime, it is critical that instances of dual levy of VAT and service tax on the same transaction are addressed urgently

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