Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: empanelment :: list of goods taxed at 4%
Budget Extravaganza »
 Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.
 New look finance ministry team to frame contours of Budget 2018
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow

Fuel hike disturbs family budget
September, 16th 2011

The hike in the prices of petrol announced on Thursday may force Hrishabh, an undergraduate to bike a bicycle and ride to his college, as 'maintaining a motor-cycle is fast becoming an expensive affair'. His father Akhilesh Mishra agreed with him. "What else can a salaried class family think, but to cut down their own expenses to meet the ends," he said.

Like the father-son duo, many Lucknowites gave a thumb down to the petrol hike that would come into effect on Friday. Contractor, Santosh Kumar Singh said that the increase will have a cumulative impact accumulate. "This will adversely affect the business of many. I am in construction business, which involves visiting the sites on a regular basis. The daily petrol expenses would go up by at least 30%. Projects sanctioned do not increase the cost considering such hikes, so input cost would go up and profit margins trim," he said.

Retired army officer Colonel AK Saxena said that the government has made a fool out of the common man. "After the last hike, the ministers had said that they would consider slashing the price of petrol, as the subsequent rates in international market had gone down. The hike is contradictory," he said.

Office goers too were equally upset. "There's a yawning gap between fuel costs, corporate HR policies. Conveyance allowance doesn't grow at this rate," said Shailendra Kumar Singh, manager with a telecom operator.Political parties also condemned the Centre for the hike. State general secretary of Rashtriya Lok Dal Anil Dubey said that UPA government had no considerations for the common man. tnn

"They need to change places with a middle class man to understand his plight. I am shocked to know that spending nights in the village has not given them any insight," Dubey said. Senior Bharatiya Janata Party leader Kalraj Mishra stated that the hike would make life difficult for all sections of the society.

Meanwhile, petrol pump owners found the occasion a chance to hoard as the proposed hike was expected to get effective from midnight. Though people made beelines outside filling stations, owners either claimed that they had no stock or that there was some problem in system. "I thought of getting the tank of my car full in a bid to save some money, but the owners denied us petrol. When we asked for a reason, the manager said that there was no stock left because of panic buying," said Amit Sharma, an accountant with a private firm.

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

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