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  • This Budget move by FM Nirmala Sitharaman can help reduce petrol & diesel prices, cool inflation Jan 14, 2023 10:37 AM IST

    This Budget move by FM Nirmala Sitharaman can help reduce petrol & diesel prices, cool inflation

    Budget 2023: The Budget announcement on inclusion of fuel in GST will help in reducing the overall burden of fuel prices on end users and cool inflation. There hasn't been any indication from the GST Council so far on bringing fuel under the consumption tax.

  • Himachal Pradesh revises petrol, diesel rates. Details here Jan 08, 2023 01:31 PM IST

    Himachal Pradesh revises petrol, diesel rates. Details here

    Diesel prices would increase from Rs 83 to Rs 86.

  • 6 non-BJP ruled states have not reduced VAT on petroleum products: Govt Dec 15, 2022 01:01 PM IST

    6 non-BJP ruled states have not reduced VAT on petroleum products: Govt

    Hardeep Singh Puri said in Lok Sabha that the central government has reduced excise duty on petroleum products and some other states, following cues, and reduced their Value Added Tax (VAT).

  • Moneycontrol Selects: Top stories this evening Oct 17, 2022 07:53 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • Terminal at Srinagar airport to be expanded three times its present size at Rs 1,500 cr: Jyotiradiatya Scindia Oct 10, 2022 08:46 PM IST

    Terminal at Srinagar airport to be expanded three times its present size at Rs 1,500 cr: Jyotiradiatya Scindia

    He said the decrease in VAT on aviation turbine fuel (ATF) from 26.5 per cent to one per cent by the J-K administration has set a new dawn for air connectivity in the Union Territory.

  • Odisha registers Rs 1,019 crore OGST collection during August 2022 Sep 03, 2022 11:49 AM IST

    Odisha registers Rs 1,019 crore OGST collection during August 2022

    The progressive collection of OGST till August 2022 is Rs 6,267.93 crore against Rs 4,836.75 crore in the same period last year, with a growth rate of 29.59 per cent.

  • Rishi Sunak vows to cut VAT on energy to revive UK Tory leadership bid Jul 27, 2022 10:04 AM IST

    Rishi Sunak vows to cut VAT on energy to revive UK Tory leadership bid

    Announcing a “winter plan” to address inflation and the cost of living, Sunak’s campaign said he would introduce a “targeted, temporary and timely tax cut” by removing VAT on domestic energy bills if the energy price cap rises above 3,000 pounds ($3,610) as expected later this year.

  • GST on essential items after states sought levy, aimed to check evasion: Official Jul 24, 2022 01:52 PM IST

    GST on essential items after states sought levy, aimed to check evasion: Official

    The decision to levy the tax, which came into effect from July 18, is not that of the Union government but of the GST Council.

  • Maharashtra govt cuts VAT on petrol, diesel; state to incur burden of Rs 6,000 crore Jul 14, 2022 03:10 PM IST

    Maharashtra govt cuts VAT on petrol, diesel; state to incur burden of Rs 6,000 crore

    Maharashtra Deputy CM Devendra Fadnavis said the decision was part of the Shiv Sena-BJP government's commitment to people's welfare.

  • States can reduce fuel prices further, excise duty cut to ease inflation by 35-40 bps: SBI Research May 30, 2022 11:32 AM IST

    States can reduce fuel prices further, excise duty cut to ease inflation by 35-40 bps: SBI Research

    The SBI report noted that recent measures by the government would ease inflation by 35-40 bps.

  • Petrol dealers' association asks members to defer protests after meeting petroleum ministry officials May 27, 2022 03:42 PM IST

    Petrol dealers' association asks members to defer protests after meeting petroleum ministry officials

    AIPDA, which represents 22 state fuel dealers associations in India, met petroleum ministry officials, who assured them that their demand will be fast-tracked and that the centre will set up a meeting between fuel dealers and oil marketing companies.

  • Maharashtra slashes VAT on petrol and diesel May 22, 2022 06:28 PM IST

    Maharashtra slashes VAT on petrol and diesel

    A day after the Centre reduced excise duty on fuel, the Shiv Sena-led Maharashtra government on Sunday slashed the VAT on petrol by Rs 2.08 per litre and diesel by Rs 1.44 per litre.

  • Excise Cut: Industry, traders urge states to follow suit and bring more relief to consumers May 22, 2022 06:11 PM IST

    Excise Cut: Industry, traders urge states to follow suit and bring more relief to consumers

    The traders' body also nudged states to follow the footsteps of the central government and reduce the rates of Value Added Tax (VAT) to provide substantial relief to the public from inflation.

  • We will consider: Karnataka CM on further cut in fuel tax May 22, 2022 01:11 PM IST

    We will consider: Karnataka CM on further cut in fuel tax

    Karnataka Chief Minister Basavaraj Bommai on Sunday said his government will consider further cut in fuel tax, following the Centre’s decision to reduce excise duty on petrol and diesel.

  • PM Modi talked about VAT levied on fuel by states, but did not mention central govt excise: Ashok Gehlot Apr 28, 2022 05:56 AM IST

    PM Modi talked about VAT levied on fuel by states, but did not mention central govt excise: Ashok Gehlot

    The Congress leader also said Rajasthan government reduced VATs on diesel and petrol on three occasions, which resulted an annual revenue loss of about Rs 6,300 crore “but the PM only mentioned the revenue loss of 6,000 crores of Karnataka and Rs 3500-4000 crores of Gujarat (both states ruled by BJP)”.

  • Reduce VAT on fuel, give benefits to people: PM Modi to states Apr 27, 2022 02:22 PM IST

    Reduce VAT on fuel, give benefits to people: PM Modi to states

    PM Modi told the chief ministers of states that he expects those states which did not reduce VAT to extend the benefit.

  • Proposal to bring ATF under GST under consideration, urged states to reduce VAT: Jyotiraditya Scindia Apr 18, 2022 10:04 PM IST

    Proposal to bring ATF under GST under consideration, urged states to reduce VAT: Jyotiraditya Scindia

    "Eight months ago, only 11 states had VAT rate ranging from 1-4 percent and a bulk of the states had rates ranging from 20-30 percent. Now 24 states levy VAT between 1-4 percent only," the minister said.

  • Govt likely to propose formula to bring ATF under GST Feb 21, 2022 03:10 PM IST

    Govt likely to propose formula to bring ATF under GST

    The likely government proposal will be to allow 18 percent GST in addition to VAT or excise rate, CNBC TV18 learnt from sources, adding that the formula would be introduced only if its acceptable to all the states.

  • Dadra-Nagar Haveli and Daman-Diu cuts VAT on jet fuel to 3% Feb 04, 2022 05:25 PM IST

    Dadra-Nagar Haveli and Daman-Diu cuts VAT on jet fuel to 3%

    The civil aviation ministry has been urging states and Union Territories (UTs) to reduce the VAT levied on Aviation Turbine Fuel (ATF), which is the major component of an airline’s operational costs.

  • Seven states have cut VAT on jet fuel, more expected to follow soon: Aviation Minister Jyotiraditya Scindia Nov 18, 2021 03:51 PM IST

    Seven states have cut VAT on jet fuel, more expected to follow soon: Aviation Minister Jyotiraditya Scindia

    The union territories of Jammu and Kashmir, Ladakh, Andaman and Nicobar along with Uttarakhand, Himachal Pradesh, Madhya Pradesh and Haryana state governments have reduced VAT on jet fuel, and the ministry is in active discussions with all other states to reduce VAT on jet fuel prices, the minister said.

  • Rajasthan govt cuts VAT on fuel, petrol to be cheaper by Rs 4 per litre, diesel by Rs 5 Nov 16, 2021 09:46 PM IST

    Rajasthan govt cuts VAT on fuel, petrol to be cheaper by Rs 4 per litre, diesel by Rs 5

    The new rates will come into effect from midnight, Gehlot said Tuesday evening. Due to the reduction in VAT, the state government will forego an annual revenue of Rs 3,500 crore.

  • States to forego Rs 44,000 crore from VAT reduction on fuels: Report Nov 11, 2021 06:25 PM IST

    States to forego Rs 44,000 crore from VAT reduction on fuels: Report

    After months of calls for lowering the taxes on the fuels, the Centre on November 4 cut excise duty on diesel by Rs 10 a litre and by Rs 5 on petrol.

  • Maharashtra govt should reduce VAT on petrol and diesel: BJP Nov 11, 2021 12:51 PM IST

    Maharashtra govt should reduce VAT on petrol and diesel: BJP

    Speaking to reporters in Kolhapur, Patil said they have organised an agitation across Maharashtra to press for the demand, as around 11 states in the country, some of them not even governed by the BJP, have slashed the VAT on fuels to provide relief to the common man.

  • KCR says no reduction of VAT on petrol, diesel in Telangana; demands Centre to withdraw cess Nov 08, 2021 08:16 AM IST

    KCR says no reduction of VAT on petrol, diesel in Telangana; demands Centre to withdraw cess

    Slamming the State BJP leaders who announced agitational programmes against the TRS government for discouraging farmers not to go for paddy cultivation this Rabi season, KCR, as the Chief Minister is popularly known, said it was the Centre which is not willing to procure paddy from the State.

  • Andhra Pradesh govt rules out VAT cut on petrol and diesel Nov 07, 2021 09:58 PM IST

    Andhra Pradesh govt rules out VAT cut on petrol and diesel

    “The state government never increased taxes on petrol and diesel except once to prevent further burden on common man despite a Rs 30,000 crore revenue loss during the Covid pandemic,” the government claimed.