Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: VAT Audit :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: form 3cd :: due date for vat payment :: articles on VAT and GST in India :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS
 
 
« General »
 The most thrilling idea before every Budget: No income tax
 Finance Ministry likely to tweak Minimum Alternate Tax norms to boost industry
 Income tax department warns people to keep away from benami transactions
 New helpline for income tax e-filing
 The Central Government notifies the Companies (Amendment) Act, 2017
 GST Returns: Government Relaxes Rectification Norms
 Will govt bring change in income tax slab? here's the present structure
 No income tax exemption to cooperative banks
 Bitcoin investors may have to pay capital gains tax
 What industry expected when Modi government implemented GST
  The Finance Resolution And Deposit Insurance Bill, 2017

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 2018 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

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