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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« VAT (Value Added Tax) »
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part

VAT still hurts
May, 11th 2010

The petrol dealers across the Capital have threatened to go on strike to protest the increase in the value added tax (VAT) on diesel.

The latest strike call comes a month after the dealers had decided to withdraw an earlier shutdown call following discussions with the government.

The dealers claim the increase in VAT, announced in April, has affected their business as the cost of diesel in the neighbouring states remains lower than in the Capital.

According to the dealers, the difference in rates has resulted in drivers buying diesel from either Uttar Pradesh or Haryana where it is almost Rs 4 cheaper.

The Delhi Petrol Dealers Association (DPDA), a group of 450 dealers, has asked all its members to shut shop on Friday to pressure the government into withdrawing the VAT hike. The association has also warned that the agitation might continue if the government did not take note of their problems.

The government had increased VAT on diesel from 12.5 per cent to 20 per cent. According to sources, the government at present is not considering any withdrawal.

Although there has been a 37 per cent decrease in the sale of diesel in Delhi. Our statistics reveal we have earned more tax. The increase in VAT is only affecting a few petrol pump owners who are located close to the Delhi border, Finance Minister A K Walia said.

To address the issues raised by the dealers, the Delhi government, meanwhile, has planned to hold a meeting with Haryana later this month. The minister has also reportedly written to the Union Minister to consider the matter. The petrol dealers claim the plunge in diesel sale figures indicates that diesel buyers have already shifted from Delhi to Haryana.

Last month, the dealers had decided to call off the shutdown a day before the strike after Chief Minister Sheila Dikshit told them her government will monitor diesel sales for a month and resolve the problem if required.

The DPDA president Atul Peshawaria, however, said even after a month, Dikshit has not given any importance to their demands.

We have statistics that show dealers have been hit hard. We have spoken to the chief minister but she hasnt taken any concrete step till now, Peshawaria said.

In June 2008, Haryana reduced the VAT on diesel to 8.8 per cent from 12 per cent, making it cheaper than Delhi, where VAT on diesel then was 12.5 per cent.

By March this year, the sale of diesel had plunged to 8.5 crore litres a month from earlier 13.5 crore litres a month (loss of 37 %).

In the last one month, sales have dipped to nearly five crore litres, Peshawaria said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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