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: form 3cd :: TDS :: list of goods taxed at 4% :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT Audit :: empanelment :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Sales Tax »
 India imposes regressive nationwide sales tax
 Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).
 Assam government to dismantle all sales tax check-gates post Goods and Services Tax
 Income tax: How to calculate capital gains tax on sale of old jewellery
 Six arrested for posing as Sales Tax officers, extorting money
 Insurance Agency Mergers and Acquisitions in Q1 "Explode," OPTIS Partners' Report Reveals
 Sales tax sleuths raid spare parts shops in Meerut's infamous Sotiganj market
 Income Tax: How offshore income could be taxed twice
 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

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