VAT

  • Health Minister asks CMs to consider raising VAT on tobacco products to 50 pc July 5, 2014

    New Delhi: In a bid to discourage people from consuming tobacco products, Union Health Minister Dr Harsh Vardhan has written to all the chief ministers to consider raising the VAT on tobacco-made products to 50 per cent. He has asked the state governments to frame a tax policy making tobacco products...
  • Government puts on hold hike in LPG, kerosene rates July 2, 2014

    New Delhi: The government on Wednesday put on hold a hike in LPG prices in states including Karnataka, Madhya Pradesh and Kerala, where an increase in local levies had led to a rise in fuel rates. The increase in state levies such as entry tax and octroi led to prices...
  • UP government says no reduction in VAT to check inflation June 24, 2014

    The Uttar Pradesh government on Tuesday said that it will not reduce VAT rates to check price rise, saying there are other factors as well behind the rising inflation. "The state government cannot reduce VAT as it was necessary for all-round development of the state," UP Cabinet Minister Ambika Chowdhury said...
  • Non-subsidised LPG price cut by Rs 23.50, jet fuel by 1.8 pc June 2, 2014

    New Delhi: Jet fuel prices have been cut by 1.8 per cent and rates of non-subsidised cooking gas (LPG) by Rs 23.50 per cylinder after the rupee's appreciation lowered import costs. The price of jet fuel, also known as aviation turbine fuel (ATF), at Delhi was cut by Rs 1,285.89 per...
  • Punjab government draws criticism for lowering VAT on tobacco products January 27, 2014

    Chandigarh: Voice of Tobacco Victims, a civil society organisation, on Monday criticised the Punjab government's recent decision to roll back taxes on cigarettes from 55 to 22 per cent. Neighbouring states like Himachal Pradesh, Rajasthan, and Jammu & Kashmir have increased VAT on tobacco products, professor of Surgical Oncology at Tata...
  • Sushil Modi hits back, says defective notification caused revenue loss December 15, 2013

    Under fire from JD(U) for allegedly causing revenue loss by lowering VAT on certain goods six years ago, former deputy chief minister Sushil Kumar Modi sought to avoid blame saying the loss had taken place due to defective notification and demanded a CBI probe in the matter. "The revenue loss had...
  • Leave alone Modi, even God can't save BJP in Delhi, says Kejriwal November 18, 2013

    The Narendra Modi factor will hardly help BJP's fortunes in Delhi, believes Aam Aadmi Party convener Arvind Kejriwal who said that "even God can't save" the saffron party as it seeks to wrest power in Delhi. "BJP ko Delhi mein Bhagwan bhi nahi bacha sakte, toh Modi kya bachapayenge (God can't...
  • Delhi petrol pump outlets to close on Oct 28 to protest VAT October 14, 2013

    Petrol pump operators in the national capital, on Monday, said they will shut their fuel outlets for a day on October 28 in protest against the Delhi government's refusal to reduce value added tax (VAT). VAT on diesel in Delhi is 12.5 per cent compared with about 9 per cent in...
  • Goa slashes VAT on fuel to fight rising airfares September 5, 2013

    Panaji: In a bid to arrest slump in arrivals and insulate itself from rising airfares during the upcoming tourist season, the Goa government has decided to offer incentives to all airlines refuelling themselves in the beach destination. Chief Minister Manohar Parrikar Wednesday said the state has already slashed Value Added Tax...
  • K'taka: Siddaramaiah's socialist ideologies disappoint corporate world August 10, 2013

    Bangalore: Karnataka's industry groups are unhappy with the new Chief Minster Siddaramaiah as they feel that his socialist ideologies were getting in the way of corporate development. Nearly three-month after taking over, he isn't exactly charming to the corporate world. He has not cleared a single major project so far...
  • Petrol price up by Rs 2 per litre due to weak rupee June 16, 2013

    New Delhi: Petrol price was on Saturday hiked by a steep Rs 2 a litre, the second increase in rates in June alone, as devaluation of rupee against US dollar made imports costlier. The hike, which is effective from midnight on Saturday, is excluding local sales tax or VAT and...
  • Vodafone says paid no UK corporation tax in two years June 8, 2013

    London: Vodafone Group Plc said it paid no corporation tax in Britain for the year to March 2013, prompting fresh criticism from campaigners who have made the UK mobile telephone group a target in the debate on corporate tax payments. Revelations of profit shifting by big companies have provoked anger...
  • World No Tobacco Day: Have gutka bans, increase in taxes worked? May 31, 2013

    Mumbai: It's World No Tobacco Day on Friday and CNN-IBN finds out if the government's recent moves to curb health hazards has worked or not. Tobacco is addictive, causes cancer and is killing nearly 8 lakh Indians every year. What's more alarming is that a tenth of all cigarette smokers...
  • Maharashtra traders to continue indefinite bandh against LBT May 10, 2013

    Mumbai: Federation of Associations of Maharashtra (FAM) representing 750 trade associations in the state on Thursday said, it would continue with its call for indefinite trade bandh till the LBT (Local Body Tax) is removed, even as the agitation entered 18th day. The decision on indefinite strike was taken at...
  • Petrol prices may be slashed by up to Rs 2 from May 1 April 29, 2013

    New Delhi: Oil companies may slash petrol prices by up to Rs 2 per litre from May 1, sources said on Monday. The sources said that the clarity on the monthly revision of petrol prices was expected on Tuesday. Petrol price were last cut by Rs 1 per litre on April...
  • Punjab government will honour top VAT payers: Sukhbir April 29, 2013

    Chandigarh: Deputy Chief Minister Sukhbir Singh Badal on Sunday said the VAT collections in Punjab had more than doubled in the past five years and was likely to touch Rs 16,000 crore in 2013. Honouring "Achievers of North India" at a function in Chandigarh, he announced his government would honour...
  • Petrol price cut by 85 paise per litre, excluding VAT April 1, 2013

    New Delhi: Petrol price was on Monday cut by 85 paise per litre with effect from midnight, the second reduction in rates in the last two weeks. The price cut, which was made possible because of a fall in international oil prices, is excluding local sales tax or VAT. After...
  • Cars, two-wheelers to cost more in Haryana March 30, 2013

    Chandigarh: Cars and two-wheelers in Haryana will now cost more as the state government on Friday decided to hike road tax. The state cabinet which met on Friday also decided levying VAT on bidis to discourage consumption. It approved the Transport Department's proposal to revise the existing rates of road tax...
  • Diesel price hiked by 45 paisa per litre March 22, 2013

    New Delhi: Diesel price was on Friday hiked by 45 paisa per litre, the third increase in the rate of nation's most consumed fuel since January. Diesel price will be hiked by 45 paisa, excluding VAT, from midnight tonight, Indian Oil Corp (IOC), the nation's largest oil firm, announced. In Delhi,...
  • Delhi: Dikshit presents a tax-free budget in election year March 20, 2013

    New Delhi: No new tax was levied and chilly spray, desi ghee and LED lights will be cheaper with Delhi government on Wednesday proposing to reduce or eliminate VAT on them in its Rs 37,450 crore budget, which focused on social sector in an election year as Congress seeks a...
  • Goa CM Parrikar to present budget on March 18 March 16, 2013

    Panaji: Goa Chief Minister Manohar Parrikar will have to do a balancing act when he presents the budget on Monday with revenues falling due to ban on mining activity and some of the recent measures taken by the government putting strain on state finances. Stating that he was facing an uphill...
  • Coalgate, CWG tax evasion probe kept CVC busy in 2012 December 29, 2012

    New Delhi: The Central Vigilance Commission acted on a number of corruption cases and directed CBI probe in coal blocks allocation scam and recovery of about Rs 1,000 crore tax evasion in Commonwealth Games-related works on 2012, besides other anti-graft measures. The probity watchdog was also chosen to head a...
  • Govt removes taxes on non-subsidised LPG cylinders September 21, 2012

    New Delhi: In a major relief to the common man, the Centre on Friday removed all taxes on non-subsidised LPG cylinders. Announcing the decision, Finance Minister P Chidambaram said that there will zero customs duty and VAT on non-subsidised cylinders. The FM also welcomed the decision by some of the states...
  • Diesel to get cheaper by 85 paise/litre in Bihar September 24, 2012

    New Delhi: Diesel will now be cheaper in Bihar by 85 paise per litre after the state government reduced the Value Added Tax (VAT) from the existing 18 per cent to 16 per cent. Chief Minister Nitish Kumar had said on Tuesday that tax on diesel will be reduced so...
  • 'Diesel price hike to push freight charges by 15 pc' September 18, 2012

    Mumbai: All India Motor Transport Congress (AIMTC), which called for a 24-hour token strike from mid-night of Wednesday to protest diesel price hike, has said that the freight charges will go up by 15 per cent if the government did not roll back the hike in diesel prices. "The hike in...
  • Bihar to offset diesel price hike by modifying VAT September 18, 2012

    Patna: The Bihar government has decided on principle to modify VAT on diesel, Chief Minister Nitish Kumar said on Tuesday. "There will be reduction in the price of diesel in Bihar as the state government has decided on principle to modify the VAT rate on the fuel product," he told reporters. A...
  • UP hikes VAT by 0.5 pc; ACs, mobiles costlier September 5, 2012

    Lucknow: The Uttar Pradesh government has hiked the value added tax (VAT) by 0.5 per cent, a move which will make ACs, refrigerators and other such goods costlier. The decision was taken at the Cabinet meeting on Tuesday and would be applicable after issusance of the notification on Wednesday, official sources...
  • Tweet Review: 'Joker', first day, first show August 31, 2012

    Said to be Akshay Kumar's 100th film, 'Joker' features a village called Paglapur that doesn't have any mention on the official Indian map. Raj Khurana (Akshay Kumar), who works with NASA, returns to his village only to find a heap of problems. He decides to do something about it but...
  • Delhi: Petrol down by 92 paise, diesel up by 37 paise June 17, 2012

    New Delhi: Petrol price will come down by 92 paise while cost of diesel will go up by 37 paise from midnight Sunday in the capital, with the Delhi government issuing a notification adjusting the Value Added Tax (VAT) on the two fuels. Petrol will cost Rs 70.24 per litre...
  • Delhi govt withdraws 5 per cent VAT on CNG June 4, 2012

    New Delhi: The Delhi government on Monday withdrew the Value Added Tax on Compressed Natural Gas (CNG). Earlier, it had imposed a five per cent VAT on CNG which led to a hike of Rs 1.65 in the CNG prices. This came just a day after Delhi Chief Minister Sheila Dikshit...