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Jan 14, 2023 10:37 AM ISTBudget 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.
Jan 08, 2023 01:31 PM IST Diesel prices would increase from Rs 83 to Rs 86.
Dec 15, 2022 01:01 PM IST 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).
Oct 17, 2022 07:53 PM IST Our specially curated package of the most interesting articles to help you stay at the top of your game
Oct 10, 2022 08:46 PM IST 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.
Sep 03, 2022 11:49 AM IST 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.
Jul 27, 2022 10:04 AM IST 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.
Jul 24, 2022 01:52 PM IST 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.
Jul 14, 2022 03:10 PM IST Maharashtra Deputy CM Devendra Fadnavis said the decision was part of the Shiv Sena-BJP government's commitment to people's welfare.
May 30, 2022 11:32 AM IST The SBI report noted that recent measures by the government would ease inflation by 35-40 bps.
May 27, 2022 03:42 PM IST 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.
May 22, 2022 06:28 PM IST 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.
May 22, 2022 06:11 PM IST 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.
May 22, 2022 01:11 PM IST 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.
Apr 28, 2022 05:56 AM IST 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)”.
Apr 27, 2022 02:22 PM IST PM Modi told the chief ministers of states that he expects those states which did not reduce VAT to extend the benefit.
Apr 18, 2022 10:04 PM IST "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.
Feb 21, 2022 03:10 PM IST 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.
Feb 04, 2022 05:25 PM IST 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.
Nov 18, 2021 03:51 PM IST 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.
Nov 16, 2021 09:46 PM IST 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.
Nov 11, 2021 06:25 PM IST 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.
Nov 11, 2021 12:51 PM IST 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.
Nov 08, 2021 08:16 AM IST 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.
Nov 07, 2021 09:58 PM IST “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.
