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: articles on VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: cpt :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: list of goods taxed at 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Service Tax »
 GST on a knife-edge as states act tough
 Parliament Winter Session: Govt keen on proper discussion on GST Bills
 Service Tax revision to make digital content expensive: Here’s how it will impact you
 GST Council may reduce tax slabs in future: CBEC chief
 Govt to waive service tax on card transactions up to Rs 2,000
 Recovery Of Tax Under Model Gst Law
 Income Tax officials hunt for Mumbai’s ‘ghost’ assessee
 GST delay to impact Budget
 If GST not rolled out by Sept, there won't be taxation in country, warns Jaitley
 India’s E-Service Tax Will Add To Foreign Content Providers’ Woes
 GST Council to discuss model laws, tax jurisdiction today

Fuel hike: Transporters increase charges too, others to follow suit
June, 06th 2008

A day after the hike in the prices of petrol and diesel, transporters too have decided to hike their charges by around 10 per cent. While a few companies have already hiked the prices, the rest have confirmed to do so in a day or two.

Charan Singh Lohara, spokesperson, All India Motor Transport Congress, said, Our costs have increased by Re 1 per km. Hence, we have no choice but to pass on the hike to the consumers. The clients have been conveyed the decision. The charges are applicable from Thursday onwards as we cannot afford to bear the losses.

Lohara added that they will conduct a meeting with the finance secretary tomorrow evening on this issue. He said that he has this information that the oil companies are in profit but are crying foul thereby forcing the Finance ministry to take extreme measures.

While the transporters have already announced the hike, the tyre-manufacturing units, nut bolt units etc, who send their goods through the transport agencies too will announce their hike soon.

Even private van owners, mini bus operators and auto rickshaw owners, who take children to schools, have intimated to increase the prices soon.

Last but not the least; your favourite roadside food will too get costlier in the coming days.

The Central Excise Department has sent show cause notices to various departments regarding their pending dues. Lohara said they have been termed as courier services and cargo services providers and hence have been told to pay service tax with retrospective effect from 2001 with penalty while they came in this category since April 2004. A discussion on this subject will also be held tomorrow with the Finance Department in New Delhi.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

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