Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« VAT (Value Added Tax) »
Open DEMAT Account in 24 hrs
 Gujarat slashes tax on ATF by 5 per cent
 CENVAT Credit can’t be denied If ISD invoices issued for distribution of ITC prior to Registration
 1 step forward, 2 steps back. Is GST going the VAT way?
 1 step forward, 2 steps back. Is GST going the VAT way?
 Pending VAT comes to haunt companies claiming input tax credit
 One-time settlement of VAT, excise disputes in the works
 Haryana government uploads photos of VAT defaulters
 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

Odisha may not reduce VAT on petrol,protest against price rise
May, 25th 2012

The Odisha government today said it was not in favour of further reducing VAT on petrol even as the state witnessed massive demonstrations, rallies and road blockades protesting the hike in petrol price.

Activists of different political parties like the ruling BJD, opposition BJP, left parties and NCP hit the streets demanding immediate rollback of the hike.

BJD leaders sat on a dharna in front of the Raj Bhavan here and announced the party would continue the statewide agitation against the hike in price of petrol by Rs 7.50 per litre.

Left parties like the CPI(M) and CPI also hit the streets, burning effigies of Prime Minister Manmohan Singh and raising anti-UPA slogans. "This will severely hit the common man. This UPA government will be burnt in the petrol flare-up," said CPI(M) state secretary Janardan Pati.
Similar protests were held in Cuttack, Puri and all the district headquarters of the state.

Meanwhile, Finance Minister Prafulla Ghadai said the state government was not in favour of further reducing the rate of VAT on petrol.

"During previous petrol price hike, the state government had reduced the rate of VAT from 20 per cent to 18 per cent. Therefore, it would not be possible this time to further reduce the VAT rate," Ghadai told reporters, adding that Odisha was the only state after Jammu and Kashmir where VAT rate on petrol was less than 20 per cent.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting