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: cpt :: VAT RATES :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: empanelment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4%
VAT (Value Added Tax) »
 Is it a modified Value Added Tax?
 GST regime: VAT Commissioner and CBEC to work with businesses
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)
 Guidelines relating to downloading of Statutory Forms-Modification thereof
  Grant of Registration under DVAT & CST
 VAT on petroleum products to continue, to be decided by GST Council
 Government rolls out settlement scheme to clear VAT, CST dues
 Maharashtra government offers VAT benefit to realty buyers
 Govt should focus on income tax instead of VAT
 Amendments in the second Schedule received from Finance Deptt.
 VAT exemption stays in tax reform bill

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