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: empanelment :: form 3cd :: list of goods taxed at 4% :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT RATES :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARDS :: articles on VAT and GST in India
 
 
VAT (Value Added Tax) »
 VAT on Market Price to Push LPG Cylinder Cost up by Rs 30
 Telangana considers levying VAT on e-commerce deliveries as a tax mobilisation measure
 Procurement agencies told to pay VAT on sale of paddy by products
 Odisha traders stop import of food items
 Details of new application uploaded in the DVAT Server.
 Advisory Price, VAT Breaking The Back of Sugar Mills in Tamil Nadu, Says Assn
 GST still not in place, states dismantle VAT
 Special drive for disposal of objections relating to mismatch of Annexure 2A/2B cases for the Assessment Year 2012-13.
 Clarification regarding availment of CENVAT credit after six months
 Delhi VAT Rules as on 5th March 2014
 Filing of online return for 2nd quarter of 2014-15 extension of period thereof.

Gujarat Congress promises drastic cut in VAT on petroleum products
July, 25th 2012

Gujarat Congress today promised a drastic cut in Value Added Tax (VAT) levied on petroleum products in the state and zero VAT on fertilisers if the party wins the Assembly elections.

Gujarat Congress president Arjun Modhwadia, while announcing a 12-point 'Gujarat People Development Vision-2012', said if Congress comes to power, Gujarat will have much lower VAT on petrol, diesel and CNG, compared to other states.

"Gujarat is the only state which has imposed VAT on fertilisers. We will remove this levy and reduce the burden imposed by the BJP government on state farmers," he stated.

Alleging that the rise in prices across the board in the state was due to "faulty economic policies" of the BJP government, he said, "If VAT is removed on fertilisers, about 46 lakh farmers who pay around Rs 300 crore by way of VAT annually will be benefited."

At present people in Gujarat pay Rs 15 as VAT on a litre of petrol, Rs 9.31 on diesel and Rs 6 on CNG which works out to 25 per cent, 24 per cent and 15 per cent respectively which is much higher than the levy in states like Delhi, Goa, Rajasthan, Uttarakhand and Haryana, he said without quantifying the reduction his party was contemplating.

"The state government is least concerned about the common people. It is earning Rs 11,000 crore through VAT on diesel, petrol, CNG and fertiliser and at the same time granting exemptions to a few select industrial houses," he alleged.

President of Gujarat State Congress campaign committee Shankersinh Vaghela said, "In the coming days, we will highlight the 'Vision' document and appeal people to decide if they still want to continue with this government which has exploited them for past so many years."

Opposition leader Shaktisinh Gohil while elaborating the philosophy behind the 'Vision' paper said, "Instead of only highlighting negative aspects of this government, we have decided to offer our philosophy of sustained development by proposing constructive ideas."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2014 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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