Vat

Bihar slashes VAT on aviation turbine fuel to 4%

The state Cabinet meeting, chaired by Chief Minister Nitish Kumar, approved the proposal of the Commercial Tax department to reduce VAT on ATF to attract more commercial flights

VAT on petrol, diesel hiked in Punjab

A decision in this regard was taken by the council of ministers in a meeting chaired by Chief Minister Bhagwant Mann here.Addressing the media after the Cabinet meeting, Finance Minister Harpal Singh Cheema said the decision has been taken to raise VAT on petrol and diesel

VAT hike on jet fuel, increased airport fees creating inflationary environment: IndiGo

While Goa and Andhra Pradesh have increased VAT on jet fuel, around 13 major airports in India have increased the user development fees (UDF), a levy designed to bridge revenue shortfall and ensure fair returns for airports.

IndiGo says Q2FY25 yields unlikely to fall on year despite falling consumer demand

InterGlobe Aviation's yield per passenger rose to Rs 5.24 in the June quarter from Rs 5.18 a year ago. However, its yield per passenger in Q2FY24 stood at Rs 4.44.

Kenya protests persist despite partial withdrawal of bill to raise taxes

Kenya protests erupt over Finance Bill 2024, proposing higher taxes. Citizens resist VAT on bread, mobile money taxes, and eco levies. Government backs down amid deadly clashes, promising dialogue.

Amid limited revenue options, states may resist fuel inclusion in GST

Jet fuel and natural gas are more likely to be included under GST than petrol and diesel, given their minimal revenue impact on states.

Reduced VAT on ATF will spur aviation sector growth, no need to wait for GST: Ministry sources

Thirty-one states and union territories have already reduced VAT on aviation turbine fuel to between 1 and 5 percent. Aviation ministry sources say the remaining five will also reduce VAT in the near future, lifting the burden of high costs on airlines.

Hoteliers, restaurant owners urge Maharashtra govt to rollback 5% hike in VAT on liquor at bars, restaurants

An increase in yearly excise fees followed by the doubling of VAT on liquor is likely to have a negative effect on businesses, while reasonable liquor prices encourage spending, boost revenues and enhance the overall appeal of Maharashtra as a tourism destination, HRAWI vice-president Chetan Mehta said.

Maharashtra announces 5% VAT hike on liquor services in bars and hotels

Due to the tax hike, the overall VAT rate for liquor services in permit rooms will be 10 percent.

Petrol pumps in Rajasthan to remain shut on September 13-14

Rajendra Singh Bhati, State President of the Rajasthan Petroleum Dealers Association, said the protest will be held against high VAT on fuel in the state.

Colgate Palmolive, Domino's Pizza among others facing Rs 30,000 crore VAT demand on IPR transfer

Some of the companies that received VAT notices said that they had already paid service tax on these transactions.

Himachal govt has put Rs 1,500 crore burden on people by increasing VAT on diesel: State BJP chief

The Himachal Pradesh government has increased the VAT on diesel by Rs 3 — from Rs 7.4 to Rs 10.4 — per litre.

VAT on diesel increased by Rs 3/litre in Himachal, cheaper compared to Punjab, Haryana, Uttarakhand: CM Sukhu

VAT on diesel has been increased from 9.90 per cent to 13.9 per cent, an increase of Rs 3 per litre from Rs 7.40 to Rs 10.40 per litre, as per the notification issued by the State Excise and Taxation department.