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Ordinance likely to amend SEZ Act for alignment with GST

Certain provisions in the special economic zone (SEZ) Act, 2005, are not consistent with the GST regime and need to be made compatible before the July 1 rollout date.

Mizoram GST Bill passed unanimously

Mizoram GST Bill passed unanimously

Mizoram assembly unanimously passed the Mizoram Goods and Services Tax (GST) Bill, 2017 in a one-day special session of the legislature on Thursday.

Legal experts divided over service charge in restaurants

Legal experts divided over service charge in restaurants

Opinion appears to be divided among legal experts on the government's approach on service charge in restaurants, with a section terming it totally "illegal and unfair" trade practice and the other favouring making the levy optional.

GST rate will go up if Kejriwal keeps luxury item out of budget: Jaitley

GST rate will go up if Kejriwal keeps luxury item out of budget: Jaitley

Union Finance Minister Arun Jaitley on Monday said Delhi Chief Minister Arvind Kejriwal`s `zero tax` budget that aims to rationalise the Value Added Tax (VAT) structure and keep luxury items out of the proposed GST, will automatically lead to the standard rate of GST going .

Likely government intervention to lower steep restaurant bills

Likely government intervention to lower steep restaurant bills

Food bills in steeply priced restaurants are seen coming down, as government  is likely to issue guidelines for restaurants to curb the arbitrary charging of service tax.

Fuel, liquor, cigarettes to cost more in Maharashtra

In its efforts to raise more funds for tackling drought in the state, Maharashtra government has decided to levy a surcharge of Rs 2 on petrol and diesel while VAT on liquor, cigarettes and beverages have also been raised by 5 per cent.

Will flight fares come down as Jet fuel price slashed by 11.7%?

Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 5,469.12 per kilolitre (kl), or 11.7 percent, to Rs 40,938.24 per kl, oil companies announced on Tuesday.

Punjab, Haryana hike VAT on diesel

Punjab and Haryana raised Value Added Tax (VAT) on diesel, negating the full benefit of Rs 2 per litre cut on fuel to consumers.

Delhi Assembly passes amendment to VAT Act

Delhi Assembly passes amendment to VAT Act

The Value Added Tax (Amendment) Bill was passed by the Delhi Assembly on Tuesday.

Amendment to Value Added Tax Act passed

In a major relief to city's traders, Delhi government on Tuesday passed an amendment to the Value Added Tax (VAT) Act which will allow them to carry forward their credit for successive financial years.

Domestic carriers' financial health a concern: Govt

The government Tuesday expressed concern over the financial health of domestic airlines but ruled out plans of extending financial package to budget carriers.

Govt asks states to slash VAT on jet fuel to 4%

Currently, VAT on jet fuel ranges from 4 to 30 percent.

Entry tax on various goods hiked to 5% at par with VAT

The Bihar government hiked entry tax on coal, among various goods, to five percent to bring it at par with the existing VAT rate in the state, an official said.

VAT on kerosene reduced, tobacco products to be costlier

The decisions were taken at the cabinet meeting, chaired by Chief Minister Arjun Munda, on Monday.

UP hikes VAT by 0.5%; mobiles, ACs to be costlier

The Uttar Pradesh government has hiked the value added tax (VAT) by 0.5 percent, a move which will make ACs, refrigerators and other such goods costlier.

Petrol, diesel prices to go up in Punjab on hike in VAT rate

Petrol and diesel prices are set to get costlier in Punjab, following the state government's decision to hike value added tax (VAT) by 0.5 percent, dealers said on Wednesday.

Ajit Singh asks FM to revert to earlier service tax rates

Noting that jet fuel prices in India were significantly higher than in most parts of the world due to high tax rates, he has also strongly advocated a slew of measures to make aviation turbine fuel (ATF) cheaper, including bringing it under the 'Declared Goods' category to attract a uniform lower rate of Value Added Tax (VAT).