VAT

Massive drop in diesel prices in Delhi - Check new rate

Thu, Jul 30, 2020

New Diesel Price in Delhi: It's a massive relief! 

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Delhi petrol pump strike on October 22: Dealers announce shut down; all details here

Thu, Oct 18, 2018

The petrol pumps are facing as much as around 20 to 30 per cent losses due to the higher prices in the national capital, said the Delhi Petrol Dealers Association (DPDA). 

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Happy with Rs 2.50 cut in petrol, diesel prices? Guess what! Fuel rates can be slashed by another Rs 4.60, Rs 3.30; Here's how

Thu, Oct 04, 2018

Today Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 while OMCs were expected to absorb another Re 1. Therefore, a total of Rs 2.50 will be cut in both petrol and diesel prices.  

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Govt says GST rates may be rejigged to reduce burden on SMEs

Mon, Oct 23, 2017

Just few months after the introduction of the GST, the new tax regime has seen several teething troubles and compliance issues.

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Why govt is wrong that car, bike buyers are rich enough to afford high petrol, diesel prices

Sun, Sep 17, 2017

The Union Minister Alphons Kannanthanam commented on Saturday that those who can afford to buy a car or bike, can afford to pay for the high petrol and diesel prices too.

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FM Arun Jaitley asks states to reduce VAT on petroleum products post GST

Fri, Aug 18, 2017

Finance Minister Arun Jaitley writes to State Chief Ministers to reduce burden of Value Added Tax on Petroleum Products used for manufacturing.  

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GST Council hikes cess on cigarettes

Tue, Jul 18, 2017

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GST seen to give consumers' buying power a shot in the arm

Sat, Jul 01, 2017

The Goods and Services Tax launch will enhance buying power of consumers as over 80 % of the goods fall below the 18 % tax bracket, but SMEs need to work to remove technology glitches, say experts.

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GST could make your movie going experience cheaper

Thu, Jun 22, 2017

With GST coming in multiplexes will get a break primarily due to the input tax credit offered by the new tax regime and as a result could pass on the lower tax benefits to customers.

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High GST rate on ayurvedic items: How can one feel 'Achchhe Din', asks Baba Ramdev-led Patanjali Ayurved

Sun, May 28, 2017

Reacing to the Indian government's proposed 12% GST rate on ayurvedic medicines from July 1, Baba Ramdev-led Patanjali Ayurved has asked the government as to how can people feel and live 'Achchhe Din' without the right to good health.

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GST Chaupal: Traders in Mumbai's Kumbharwada get their queries answered

Wed, May 17, 2017

Zee Business recently hold a panel discussion with traders in Mumbai's Kumbharwada area in order to learn about what they think about the GST tax, here are the excerpts from that panel discussion.

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Govt to strengthen CBIC under GST to check tax evasion

Wed, May 17, 2017

In a letter to the zonal heads, the human resource arm of the CBEC said the Directorate General of GST Intelligence (DGGSTI) will be the new name of the existing Directorate General of Central Excise Intelligence (DGCEI), but with more powers.

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GST cloud hangs over excise mop-up as dealers hold up tight

Sun, May 14, 2017

The collections of excise duty may take hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST, which is slated for July 1 launch.

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New VAT to be implemented in Gujrat

Tue, May 09, 2017

New VAT to be implemented in Gujrat. Watch the full segment for more details.

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GST draft bills tabled in Parliament; peg peak rate at 40%

Tue, Mar 28, 2017

With this, rollout of GST - the biggest tax reform since independence - has entered the last lap and its passage by Parliament will pave the way for integrating India as one market with one rate of tax replacing multiple state and central levies.

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Air travel from Delhi to remote areas set to get cheaper

Wed, Mar 08, 2017

Air travel from Delhi to remote areas will be cheaper with the AAP government today announcing slashing of VAT on Air Turbine Fuel (ATF) from existing 25 per cent to one per cent to complement the Centre's regional connectivity scheme (RCS).

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Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice

Tue, Feb 28, 2017

Snapdeal has launched GST Guru program to provide expert advice to its online sellers on the upcoming tax structure GST.

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GST won't lead to job losses at tax department, assures FM Arun Jaitley

Fri, Jan 27, 2017

Ahead of the rollout of GST, Finance Minister Arun Jaitley on Friday sought to address concerns of job loss from reduced work of tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime.

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Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Thu, Jan 26, 2017

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.  

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GST's toll-free helpline number receives 80% calls from SMEs, startups

Tue, Jan 24, 2017

India's SMEs and startup companies are anxious about the government's implementation of GST and its impact on the sectors.

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Petrol prices cross 2013 peaks, but political opposition missing

Sat, Jan 21, 2017

In February 2013, opposition parties, notably the Bharatiya Janata Party (BJP), took to the streets in protest as the price of petrol in the national capital spiralled to Rs 69.06. "This is a betrayal (of) the people of the country.

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GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017

Thu, Jan 12, 2017

To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5%in the upcoming Union Budget. 

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Hope to resolve issues for GST rollout from April 1: Jaitley

Wed, Jan 11, 2017

With states and the Centre still locked in stalemate over control of tax payers, Finance Minister Arun Jaitley today said the issue will be resolved in next few weeks for rollout of the GST regime from April 1.

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