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: VAT Audit :: ACCOUNTING STANDARD :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: cpt :: form 3cd :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India
Sales Tax »
 Amendment to Additional Sales Tax Act unconstitutional: High Court
 Maharashtra will soon achieve Rs one lakh cr sales tax : CM Devendra Fadnavis
 CBEC chief bats for minimal exemptions for India Inc under GST
 Issuance of Free Sale & Commerce Certificate to Merchant Exporters
 Why model GST law does not give confidence to exporting community
 State governments tighten their grip on sales tax holidays
 Income tax dept charts plan to broaden national taxpayer base
 Sale of shares on which STT is payable is exempt from tax
  Sale of Government of India Treasury Bills by Auction
 New tax treatment of sale of unlisted shares brings more certainty, less litigation
 Simpler tax laws, low rate can help get more people to pay up

Punjab not in a position to reduce tax on petrol: Kalia
June, 07th 2008

Responding to the appeal by the Prime Minister Manmohan Singh to the states to reduce sales tax on the petroleum products to extend relief to the consumers, Manoranjan Kalia, Cabinet Minister of Punjab and senior BJP leader today justified the stand of Chief Minister on not reducing the tax on Petrol and said Punjab was not in a position to face the burnt of inefficient policies of the union government. "States are having limited sources to generate revenue and if taxes on petroleum products are reduced, it will put an adverse impact on the development projects of the state", Kalia told PTI while alleging the Congress led UPA government for politicizing the issue of sales tax on the petroleum products.

"As Congress party fears from the wrath of Public, who was agitating against extra ordinary increase in the petrol prices, it is trying to politicizing the issue and Delhi Government took a lead in reducing the tax on petrol fearing the defeat in the forthcoming assembly election", he added. During NDA rule also rates of petroleum products were increased at international level, but in spite of facing the Kargil threat, the then union government, through its best management of resources did not allow much increase in the petroleum products and controlled the rate of inflation as well, Kalia added.

It was due to inefficiency of the union government and its callous attitude, the situation has become so grave and rate of Inflation has become so high, Kalia alleged adding although the three renowned economists including Prime Minister Manmohan Singh, Finance Minister P Chidambram and Deputy Chairman of Planning Commission Montek Singh Ahluwalia, were running the affairs, but all of them proved as big failure. "Too many cooks spoils the dish, has been proved at national scene", he hastened to add.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 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