Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD :: VAT Audit :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment
 
 
VAT (Value Added Tax) »
 Petrol prices set to rise in Goa with increase in VAT
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading
 Delhi budget unlikely to have any new tax proposals this year
 Date for filing quarterly VAT returns extended
 Framing of Central Assessments - Dated 2-2-2017 - VAT - Delhi

Will cut value added tax on petrol to keep it under 60: Chief minister Laxmikant Parsekar
December, 21st 2016

The state government will reduce value added tax (VAT) on petrol to maintain the petrol price below Rs 60 per litre, since its selling price is Rs 62.73 per litre at present.

The BJP government had assured the people of the state that it will not allow the petrol price to exceed Rs 60 per litre.

Speaking to reporters on the sidelines of the Liberation Day function, chief minister Laxmikant Parsekar said, "We will reduce the petrol price. I will direct the department concerned to look into the matter."

Petrol price in the state crossed Rs 60 per litre, last week, after the oil marketing companies increased petrol price by Rs 2.21.

In June, the state government had reduced VAT on petrol by 2% to maintain the petrol price below Rs 60 per litre.

Parsekar, in his budget speech, had hiked VAT on petrol despite the BJP promising to lower fuel prices in their 2012 manifesto.

Petrol prices were hovering around Rs 51.10 in the state when Parsekar announced the increase in VAT to 22%.

Parsekar increased the VAT on motor spirit from 15% to 22%, which was reduced to 0.5% by then chief minister and present defence minister Manohar Parrikar in 2012.

While hiking the petrol price, Parsekar had promised to maintain the petrol price below Rs 60 per litre.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions