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 :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: VAT Audit :: cpt
 
 
News Headlines »
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return
 Will Aadhaar linkage solve India's income tax woes?
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 How to Make Tax Saving Investments Less Taxing with an SIP in ELSS
 NRIs having only investment income may not file tax returns
 With income tax returns filing deadline near, here are 3 major things to do before March 31
 When public becomes tax gatherer

BPCL, KRL merger to save Rs 150-cr CST a year
August, 24th 2006
The merger of BPCL and Kochi Refineries Ltd (KRL), likely to be completed in the next two to three months, would help the combined entity to save Rs 150 crore a year on central sales tax. This is because, post-merger, products supplied by KRL to BPCL will be treated as stock transfer and not as sales, which suffers central sales tax. According to a senior BPCL official, the company's retail petrol and diesel sales in south India is largely done out of products sourced from KRL. Stake sale plan According to sources, BPCL was also planning to offload its 3.37-crore shares, available through the swap deal, to raise resources primarily to meet working capital requirement and for funding expansion plan of Kochi Refineries. The plan, however, may be put on hold for the time-being owing to fall in share prices of BPCL. Having touched Rs 502 on the BSE in May this year, BPCL stock closed at Rs 352 on Tuesday. Consequently, the value of the 3.37-crore shares has dropped from close to Rs 1,692 crore to Rs 1,186 crore. Meanwhile, following the merger, BPCL would place before the board a fresh proposal for capacity expansion of Kochi Refineries from 7.5 million tonne to 9.5 million tonne.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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