VAT
Diesel gets cheaper by Rs 8 in Delhi due to VAT cut
Kejriwal Thursday announced a reduction in the Value Added Tax on diesel from the existing 30 per cent to 16.75 per cent
Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel
Currently, airlines have to pay charges such as 'throughput charges', 'into plane charges' and 'fuel infrastructure charges.'
BMW, Mercedes-Benz lower prices in China after VAT drop
BMW would reduce prices for both domestically produced and imported models.
Petrol prices rule high as govt stubborn on fiscal target
Centre collected a staggering Rs 2,29,019 crore as excise revenue from the petroleum sector in FY18.
States can cut fuel prices, says SBI arm
States across the country impose VAT or sales tax on petrol and diesel which vary from one to another.
Single GST rate is not possible, says Modi
The Prime Minister said earlier many taxes were hidden and under GST “what you see is what you pay”.
Ease of doing business to be key for states
One of the advantages of the GST regime is the elimination of multiple taxes.
States reluctant to include fuel, liquor
Liquor, LPG, natural gas, aviation turbine fuel (ATF), petrol and diesel are exempt from GST.
Fuel prices may not change under GST
The peak GST rate plus VAT will be equal to the present tax incidence.
No pure GST on petrol, diesel; 28 pc tax plus VAT on anvil under GST
The timing of including petrol products in GST will be a political call.