News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« General »
 Personal income tax rate cut can revive economy
 Economic slowdown hits Income Tax collections
 IFSC and tax bills tabled in Parliament on Monday
 How to calculate tax liability on LTCG accrued from selling gold?
 Tax department launches web portal for exchange of information
 HC asks Tax Dept to permit GST assessees to file for transitional credit
 Himachal ready with scheme to settle dues of pre-GST era
 Can laid off employees save tax on their severance pay?
 Can laid off employees save tax on their severance pay?
 Government unlikely to go for income tax cut due to fiscal stress
 Why we need better property tax systems

Maya govt increases tax on fuel
January, 31st 2009

Mayawati government has cut short the celebrations resulting from the relief on petrol and
diesel prices.

The state government has imposed an additional 98 paise sales tax on each litre of petrol and 29 paise on diesel. This means that instead of the Central governments relief of Rs 5 per litre on petrol, the consumers in UP will get a slash down of just Rs 4.02 and Rs 1.71 on each litre of diesel instead of Rs 2.

This means that the state governments coffers will be richer by Rs 10 lakhs per day going by the consumption of petrol and diesel in the state.

While sales tax on petrol was increased from 23.62% to 26.55%, the hike in case of diesel was from 16.10% to 17.23%.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting