New Delhi: Amid widespread protests, Finance Minister Pranab Mukherjee will soon write to state chief ministers to consider cut in sales tax on petrol to partly neutralise the impact of the Rs 7.54-per-litre hike in the price of the auto fuel. "We are awaiting inputs from the Petroleum Ministry. The Finance Minister will be asking the state chief ministers to lower duties," an official said. Meanwhile, Uttarakhand, Kerala and Delhi...
03:29 AM, May 29, 2012
Thiruvananthapuram: A day after the petrol price hike, the Kerala government at a special cabinet meeting on Thursday decided to forgo the sales tax on petrol, reducing its price by Rs 1.63 per litre. "This will cost the exchequer Rs 218 crore," Chief Minister Oommen Chandy told reporters here. "I have also written to the prime minister, UPA chairperson and petroleum minister, saying that the hike will affect the people...
06:28 PM, May 24, 2012
Chennai: Joining her West Bengal counterpart Mamata Banerjee, Tamil Nadu chief minister J Jayalalithaa on Saturday attacked the Centre for its "arbitrary" action in reducing Central Sales Tax (CST) compensation to states by linking it with VAT rate revision. Though the Centre had agreed to compensate states for the revenue loss for 2010-11 also, the eligible compensation was "arbitrarily restricted" by deducting additional revenue realised through revision of VAT rate...
07:52 PM, Apr 14, 2012
Irked over Centre's approach over CST compensation, states on Monday asked it to either compensate them adequately for their revenue loss due reduction in the Central Sales Tax (CST) or increase the levy to earlier rate of 4 per cent. The state Finance Ministers, during their meeting, also finalised a negative list of 35 services which would not be taxed under proposed Goods and Services Tax (GST) regime. "If the...
06:01 PM, Mar 05, 2012
With the budget season approaching there are a lot of discussions and aspirations of what the budget would have in store for us. However there are a few questions which most people have in mind like what exactly is the union budget? How is it going to affect me? Do I have to be happy or worried? How will it be affecting my lifestyle? Let's answer these questions. Just like...
01:17 PM, Feb 16, 2012
Sonia Gandhi has asked all Congress chief ministers to sound populist. ...
12:20 AM, Jun 06, 2008
Delhi CM Sheila Dixit also ruled out any increase in the fares of Metro and DTC buses. ...
06:30 PM, Jun 05, 2008
Cong tries to project that the
aam admi still tops its list of concerns. ...
12:39 PM, Jun 05, 2008
Maharashtra has cut sales tax on petrol and diesel by more than 4 per cent. ...
02:06 AM, Jun 05, 2008
Petrol pump operators across the country will go ahead with their proposed strike on Friday. ...
06:03 PM, Apr 12, 2007
Finance Ministry is likely to cut the central sales tax (CST) rate to 3 per cent from 4 per cent with effect from April 1. ...
12:34 PM, Mar 19, 2007
Revenue officials had attached two machines of the Pepsi plant and sealed the unit. ...
08:10 PM, Mar 16, 2007
Petrol pump dealers are demanding a cut in Sales Tax, reasonable profit margins and amending the marketing guidelines. ...
07:19 AM, Sep 18, 2006
Get your tanks filled up if you are in Maharashtra. Petrol pumps in the state plan to go on strike from Sunday midnight. ...
06:12 PM, Sep 17, 2006
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