VAT | The Asian Age

Saturday, Apr 27, 2024 | Last Update : 04:23 AM IST

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Fuel surcharge raised to avoid revenue loss

The Central governments’s cut in the fuel prices has not helped Maharashtra citizens who are now facing the increased prices.

19 May 2017 2:50 AM

Different indirect taxes of central excise duty, central sales tax CST and service tax are to be merged with C-GST while S-GST will subsume state sales tax, VAT, luxury tax and entertainment tax.

J-K govt to benefit from GST, will seek its passage in a legislative assembly

Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services.

18 May 2017 3:06 PM

GST bill tabled in Uttarakhand assembly

GST will replace a plethora of central and state taxes.

01 May 2017 6:48 PM

States are required to pass their own GST legislations after the GST Bill got a nod from both Houses of the Parliament.

Odisha Assembly special session on May 18 to pass GST Bill

House will also transact business for passing the Odisha Value Added Tax (Amendment) Bill, 2017.

27 Apr 2017 5:30 PM

There are a total of 80 lakh VAT, excise and service tax assessees.

Only 34 per cent service taxpayers move to GSTN

Over 75 per cent of VAT and 73 per cent of the central excise assessees have switched to the GST.

27 Apr 2017 11:51 AM

Mid-sized cars of up to 1500 cc are levied with a 24 per cent excise by the the central government and a 14.5 per cent VAT by state governments, taking the tax incidence to 38.5 per cent.

Small cars may see small hike in prices under GST

Small cars currently attract a 12.5 per cent central excise duty.

24 Apr 2017 5:37 PM

Prime Minister Narendra Modi. (Photo: AP)

GST great illustration of cooperative federalism: PM

GST, the biggest taxation reform since Independence, will subsume central excise, service tax, Value Added Tax.

23 Apr 2017 4:46 PM

The fitment committee is likely to hold more meetings before GST Council's meeting on May 18-19 where tax rates for different products and services are to be finalised so as to enable roll out of the biggest tax reform from July 1.

Officials to fix GST rate for services

The task before the panel is to keep the impact of GST on inflation and prices near neutral or zero.

17 Apr 2017 1:07 AM

CBEC and sought support from all officers to work relentlessly towards increasing awareness for GST to provide all facilitation at the entry level.

CBEC chief wants officers to realign mindset for GST role

Government has set July 1 as the date for rollout of the new indirect tax regime GST.

05 Apr 2017 3:38 PM

Revenue Dept allows more time for GST registration

So far, 74 per cent of the VAT assessees have migrated to the GSTN portal.

04 Apr 2017 4:00 PM

The Federation has discussed issues with 17 finance ministers of different states, nine VAT commissioners, Union revenue secretary and finance minister Arun Jaitley.

Jewellers in talks with government on GST

The All-India Gem and Jewellery Trade Federation has proposed a 1.25 per cent tax rate on gems and jewellery products under the GST regime.

28 Mar 2017 3:27 AM

Union Finance Minister Arun Jaitley (Photo: PTI)

Nod for compensating states’ revenue loss

GST Council to fix rates of taxes by fitting goods and services into 4 slabs.

19 Feb 2017 4:40 AM

GST will kick in by subsuming all central indirect taxes such as central excise and service taxes as also state levies like VAT into one.

Govt may rework indirect tax maths mid-way

Govt estimates to collect nearly Rs 9.27 lakh crore from indirect taxes next fiscal, up 9 pc over 2016-17.

12 Feb 2017 11:39 AM

Less revenue to accumulate by way of one-time car parking charges as car sale has decreased by 25 per cent.

Civic body to lose Rs 100 crore revenue due to move

SDMC Opp. leader suggests exploring possibility of PPP for installing solar panels if there is fund shortage.

28 Dec 2016 2:50 AM

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Farrukh Dhondy