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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: form 3cd :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
 
 
VAT (Value Added Tax) »
 15% rise in collectionof VAT for Oct-Nov
 China to simplify tax scheme after switch to VAT
 Cabinet clears key proposals on VAT, regularisation of jobs
 Cases of VAT overcharging flood consumer forum
 State seeks relief from Centre
 Flat rate VAT changes for small businesses explained
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation

UP Govt rejects to reduce VAT on petroleum products
February, 18th 2011

The UP government on Thursday rejected the demand of the Samajwadi Party for reducing VAT on petroleum products like petrol and diesel.

Replying to a question in the state Assembly, Parliamentary Affairs Minister Lalji Verma admitted that inflation had hit the people hard but said it was not possible for the government to reduce the taxes on petroleum products as it will hit the finances of the state.

Quoting tax rates in other states, the minister said in Andhra Pradesh and Tamil Nadu, the tax on petroleum products was much higher than in UP. In UP, there was 17.23 per cent VAT on diesel and 26.55 per cent on petrol, white the rates in Andhra Pradesh and Tamil Nadu were 30 per cent on diesel and 33 per cent on petrol.

Not satisfied with the ministers reply, the SP members staged a noisy walkout.

Replying to another question by Radha Mohan Agarwal (BJP), Minister of State for Sports Ayodhya Prasad Pal said there was no sports policy in the state nor was there any proposal before the government to formulate a sports policy in near future.

The minister said the state has a sports college and other infrastructure for training and that several UP sportsmen bagged medals in the Commonwealth and Asian Games.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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