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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: cpt :: VAT RATES :: articles on VAT and GST in India
 
 
« Sales Tax »
 India finalises bills to launch new sales tax in July
 NMC to implement new tax system from Apr 1a
 13 per cent sales tax boost post demonetisationa
 Arun Jaitley May Lower Corporate And Income Tax Rates But Hike The Service Tax Rate
 Tax on high seas sales becomes dispute area
  State extends GST enrolment deadline
 State extends GST enrolment deadline
 To protect its status, state forms panel to draft legislation on GST
 India Fails to Break Deadlock on New Sales Tax
 Sales tax staff protest against goods service tax council
 Income tax survey on city jeweller

Tripura announces tax cut on cooking gas, kerosene
June, 28th 2008

The Tripura government Thursday reduced value added tax (VAT) on cooking gas by two percent and withdrew entire four percent tax on kerosene with immediate effect.

Chief Minister Manik Sarkar told the state assembly that the government would consider another 0.5 percent tax reduction on cooking gas.

The state government, considering all aspects, has reduced VAT from four percent to two percent. Due to this tax cut, the authority would incur a loss of Rs.20 million annually, said Finance Minister Badal Chowdhury.

There would be no tax on kerosene oil in the state, he added.

The Tripura government June 6 reduced sales tax on petrol from 20 percent to 15 percent and on diesel to 10 percent from 12.5 percent.

After the reduction of taxes on the four petroleum products, the state would incur a cumulative loss of about Rs.100 million annually, Chowdhury added.

The state assembly also urged the central government to give subsidy on cooking gas for the eight northeastern states.

Considering the weak financial position and limited revenue support, the union government should not impose any additional burden and instead give special subsidy on cooking gas for the northeastern states, Sarkar said.

A resolution seeking concessions from the central government, adopted unanimously, was moved by the Communist Party of India-Marxist (CPI-M) legislator Sudhan Das. It was supported by the opposition Congress lawmakers in the assembly, whose three-week long budget session is now on.

On June 4, the central government increased the prices of petrol and diesel by Rs.5 and Rs.3 per litre and domestic LPG by Rs.50 per cylinder.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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