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 :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT RATES :: cpt
 
 
« News Headlines »
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017

Govt working to rationalise taxes
September, 04th 2009

The government is taking steps to rationalise various central and state level-taxes on auto fuels, a oil ministry spokesman said. Taxes and duties are as high as over 51% and 23% on petrol and diesel, respectively in Delhi.


As part of UPA governments 100 days agenda, we have set up an expert panel, which will make recommendations to rationalise taxes levied by the central and state governments particularly on petrol and diesel, he said.

Tax components on retail prices of petroleum products varies from state to state. Sales tax on petrol is as high as 33% in Andhra Pradesh, followed by Tamil Nadu 30%, 29.30% in Kerala, 28.75% in Madhya Pradesh, and 27.98% in West Bengal.

On diesel, sales tax is as high as 26% in Maharasthra, followed by Chhattisgarh 25%, Kerala 24.94% and Gujarat 24.63%.

The panel will also recommend policy measures for sustainable pricing of petroleum products, he said. The expert group is chaired by Dr Kirit S Parikh, former member, Planning Commission.

The oil ministry has also prepared a road map for expanding gas distribution network in over 200 cities, he said. A committee, chaired by MB Lal, member, Appellate Authority on Power & Petroleum has prepared a road map for expanding the city gas distribution by identifying 202 cities to be covered in phases by 2015 and the steps necessary for the same have been laid out, he said.

The ministry has also asked government-owned oil marketing companies to use technology for enhancing consumer satisfaction. Companies such as IOC, BPCL and HPCL have launched SMS services for booking cooking gas in Delhi, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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