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
 
 
Popular Search: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: TDS :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: form 3cd :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: VAT RATES :: due date for vat payment
 
 
« General »
 'Altered' DTC Bill likely in monsoon session, says Pranab Mukherjee
 Lawyers' bandh shuts down western Odisha
 GAAR may be thrown open to public debate
 GAAR application deferred by a year, amendments to provisions announced
 Investor awareness programme in Mangalore
 CBDT in soup for bypassing House
 TN seeks compensation till GST is introduced
 Jewellers to meet finance minister Pranab Mukherjee, hopeful of early resolution
 Only NRIs with unexplained wealth need to bother: CBDT chief
 ICAI National Cost Convention-2012 begins RPN Singh calls for public friendly Accounti
 Withdraw tax on unbranded gold jewellery, CM writes to PM and FM

States' tax sops fail to lower LPG price
June, 16th 2008

Consumers continue to pay a higher price for cooking gas after some states announced partial price roll-back. Cooking gas dealers, who instantly increased price of domestic LPG by Rs 50/cylinder from the midnight of June 4, were not as spontaneous when it came to a downward revision of price. There has been instances in Delhi, Mumbai and Goa where consumers had to pay a higher price despite state governments relief offer.

A survey conducted by ET in the three states which witnessed a price roll-back found that consumers have been paying different prices in different locations. We have paid Rs 346/cylinder, even after the state government announced a Rs 40/cylinder price roll-back. We confronted the delivery person as well as the dealer and they said that they knew about the price hike of Rs 50/cylinder but they didnt have any instructions regarding the roll-back, a housewife in Chandini Chowk area said.

People from Vikaspuri, Janakpuri and Patpatgunj shared similar experiences. In Mumbai, dealers took consumers for a ride even after the state reduced duty by 4%. In Babulnath area, consumers had to fight with the dealers who were not willing to reduce to the Rs 13.92/cylinder state relief from the hiked price of cooking gas.

In Parel, dealers stopped supply for a couple of days to get an official notification from the state government regarding the roll-back and in Byculla dealers are continuing selling LPG without any reduction.

When contacted, All India LPG Distributors Federation representatives said that they hadnt reduced the price till June 9 in Delhi, as they had received the notification only then. They added that they sold cylinders for Rs 345 because they had to buy it at higher rates after the hike.

In Goa, despite the states announcement related to partial roll-back, confusion persisted for a couple of days. Price of a cylinder was increased to Rs 358 on June 5, but now they are charging Rs 346/cylinder, a housewife in Davorlim (Mudgaon) said.

Public sector oil companies ,who supply LPG to Indian households, said that dealers in certain areas had bought LPG stocks at the increased price on June 5 and they pushed cooking gas in the market at the increased rate - factoring in Rs 50/cylinder increase - till the stock exhausted.

We have not received any formal complaint. Strict action would be taken against any dealer found over-charging customers, a senior official of one of the oil companies said.

When contacted, All India LPG Distributors Federation representatives said that they hadnt reduced the price till June 9 in Delhi, as they had received the notification only then. They added that they sold cylinders for Rs 345 because they had to buy it at higher rates after the hike.

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2012 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

Victorian Jewelry | Estate Jewelry | Handmade Jewelry | Rose Cut Diamond | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Fashion India | Fashion Garments | Fashion Shows | Fashion Designers | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions