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: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TDS :: VAT Audit :: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT RATES :: cpt
« VAT (Value Added Tax) »
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales
 VAT sops to IOCL Paradip refinery hits Odisha revenue growth
 Government to announce new VAT rates in October
 World Wide Gst, Vat, Sales Tax Rate
 Article on Transition Process of Registrations under VAT / Service Tax Laws to GST Law

State to modify VAT on diesel
September, 20th 2012

In a major move on Tuesday, the state government announced it would "modify" the VAT on diesel so as to bring down its selling price in the state. It also OK'd the release of funds for payment of salaries to varsity teachers and non-teaching staff.

"We have decided to modify the prevailing rate of VAT on diesel. The state government will take a decision on the new VAT rate within two days," chief minister Nitish Kumar announced after the state cabinet meeting on Tuesday.

The cabinet meet approved an education department's proposal to sanction a sum of Rs 1081.69 crore for payment of salaries, dearness allowance and pension of teachers and non-teaching employees of the state's nine universities. It also approved an energy department's proposal to sanction a grant of Rs 680 crore to Bihar State Electricity Board (BSEB).

"Of the Rs 680 crore, Rs 540 crore will be paid to the NTPC Ltd to clear its outstanding energy dues while Rs 140 crore will be spent on meeting the BSEB's financial loss and clearing the energy purchase bills of other power-generating organizations," cabinet secretariat department's principal secretary Ravikant told newsmen.

The meeting also approved another proposal of energy department to provide Rs 26.12 crore as loan to the BSEB during the current financial year for construction of a transmission system for the electricity generated at the Kanti power plant.

The cabinet also gave nod to a minor water resources department's proposal to grant administrative approval of Rs 210.33 crore for implementation of 129 irrigation projects in Jamui and Nawada districts under the Centre-sponsored Accelerated Irrigation Benefit Programme.

It also approved a law department's proposal for extension of the Bihar State Law Commission's tenure for another three years effective from September 7, 2012 and appointment of Justice (retd) Abhijeet Sinha as its chairperson.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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