Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: form 3cd :: cpt :: VAT RATES
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

Oil companies are losing Rs 725 cr daily on fuel sales
June, 04th 2008

The government has been deliberating on measures over oil prices through the last fortnight.

Meanwhile, the companies' losses rose from Rs 16.34 a litre to Rs 21.43 on each litre of petrol, Rs 23.47 to Rs 31.58 on diesel, Rs 28.72 to Rs 35.98 on kerosene and Rs 305.90 to Rs 352.90 per 14.2-kg cylinder of cooking gas. Together, the three firms are losing Rs 725 crore daily on fuel sales, up from Rs 580 crore.

In this scenario, even the proposed quantum of price rise will be totally ineffective in tackling the companies' plight unless these are accompanied by duty concessions.

And therein lies the catch, with petroleum minister Murli Deora and finance minister P Chidambaram differing on the measures.

While Deora is pushing hard for duty relief to limit the price shock to consumers in a poll-packed year, Chidambaram has been steadfastly refusing to disturb the duty regime.

The mix of crude oil that India buys averaged $124.02 per barrel in the second fortnight of May against $115.09 in the first fortnight.

The Indian basket was at $67 per barrel in February when petrol and diesel price were raised by Rs 2 and Re 1 a litre respectively. At prevalent global oil price range of $100-130 a barrel, Indias oil subsidy bill may shoot up three times to 2.2% of the GDP this year.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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