VALUE ADDED TAX

  • 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: VAT on liquor hiked, prices to shoot up March 27, 2012

    Panaji: Liquor prices in Goa, which is known for lowcost booze, are set to go up marginally from April 2012, owing to a substantial rise in warehousing rates as proposed in the state budget. Chief Minister Manohar Parrikar increased the Value Added Tax (VAT) on Indian made foreign liquor (IMFL) and...
  • Save taxes: Make potato crisps that are not potato July 8, 2008

    London: Potato crisps that can save millions in taxes? Yes, but only if they contain less potato. The next time you want potato crisps don't reach out for Pringles a British court has ruled that the famous potato crisps are not really potato at all. As a result, Pringles...
  • Mumbai eateries take a hit as running cost skyrockets April 4, 2008

    Mumbai: The restaurant business in Mumbai one of the most lucrative businesses in the city has taken a huge hit following spiralling food and running costs. More than a hundred eateries in Mumbai have shut shop in the last year alone. From your local idli sambar joint to highend...