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 »
 Firms may get input tax credit for masks, PPEs
 Traders seek deferring of property tax
 COVID-19: Kerala Government extends Time Limit of Payment of License Fee and Renewal of Registration under various Acts
 Rajasthan HC grants Bail to Chartered Accountant accused of Corruption and Money Laundering
 Will your tax liability go up with no reimbursement?
 Residency relief for NRIs and foreigners: A welcome tax initiative
 Finance Ministry dismisses reports of pay cuts for central government employees
 ACCA to introduce Remote Exam-Taking
 Will travel restrictions result into additional tax payouts? Covid-19 Lockdown
 Should you get ready for a ‘lockdown tax’?
 When the tax bosses got uptight

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 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting