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: cpt :: form 3cd :: empanelment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARD
 
 
Sales Tax »
 Income tax: How to calculate capital gains tax on sale of old jewellery
 Six arrested for posing as Sales Tax officers, extorting money
 Insurance Agency Mergers and Acquisitions in Q1 "Explode," OPTIS Partners' Report Reveals
 Sales tax sleuths raid spare parts shops in Meerut's infamous Sotiganj market
 Income Tax: How offshore income could be taxed twice
 India finalises bills to launch new sales tax in July
 NMC to implement new tax system from Apr 1a
 13 per cent sales tax boost post demonetisationa
 Arun Jaitley May Lower Corporate And Income Tax Rates But Hike The Service Tax Rate
 Tax on high seas sales becomes dispute area
  State extends GST enrolment deadline

5 states cut sales tax on fuel; PM for check on expenditure
June, 09th 2008

Five states today slashed taxes sales tax on petroleum products to cushion the impact in prices of diesel, petrol and cooking gas even as Prime Minister Manmohan Singh asked his ministerial colleagues to avoid foreign travel and reduce spending.

Maharashtra, Delhi, Bihar and Tamil Nadu today followed the examples of Kerala, Tripura and West Bengal announcing cut in sales tax on fuel sales and VAT on LPG and Andhra Pradesh decided to bear the increased cost of cooking gas.

Congress President Sonia Gandhi and BJP central leadership separately asked Chief Ministers of states ruled by their respective parties to cut sales tax on petroleum products.

Petrol and diesel prices were yesterday hiked by Rs 5 and 3 a litre, respectively, and cooking gas by Rs 50 a cylinder, a decision that drew a barrage of protests and shutdown in Left-ruled states of West Bengal, Kerala and Tripura today.

The Prime Minister who appealed to states to forego a part of their revenues from petro products, today wrote to his colleagues, asking them to take austerity steps.

"As we ask the people to bear some financial burden... it is not only necessary from the resource conservation... but also as a moral duty to cut out wasteful expenditure in our own establishment," he said.

The appeal was followed by cut in sales tax on LPG by the Congress-ruled Delhi government, on diesel by DMK-ruled Tamil Nadu and on petrol and diesel by the NDA government in Bihar.

The Congress-NCP government in Maharashtra decided to cut the sales tax on fuel by two per cent and reducing the VAT on LPG by four per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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