VAT

Petrol, diesel to cost more in Uttar Pradesh as govt hikes VAT

A litre of petrol will now cost 98 paisa more across the state while a litre of diesel has become dearer by Rs 2.35.

Petrol, diesel prices to cost more in Uttar Pradesh after hike in VAT

A litre of petrol will now cost 98 paise more across the state while a litre of diesel has become dearer by Rs 2.35.

Delhi: Petrol, CNG pumps to remain shut on Monday over govt's refusal to cut VAT

Nearly 400 petrol pumps will be shut for 23 hours from 6 am on Monday in the national capital.

Petrol pumps to remain closed in Delhi as dealers' association calls for one-day strike

VAT in Delhi is higher than neighboring Uttar Pradesh and Haryana.

Fuel prices fall: Amit Shah says relief for people, Congress calls it poll tactics

Amit Shah has said the fall in prices shows BJP government sensitive to needs of people. Congress says it's band-aid after inflicting 'thousand cuts.'

Petrol and diesel prices eye century, household budgets clean bowled

The common man across the country is not feeling the pinch of surging fuel prices. He's feeling outright pain.

Saudi Arabia, UAE introduce VAT in first for Gulf

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday.

In a first, Saudi, UAE introduce VAT in tax-free Gulf

Saudi Arabia and the United Arab Emirates introduced value-added tax from today, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system.

Gujarat govt reduces VAT on petrol, diesel by 4%

GST Council to meet today; exporters may get some relief

The full fledged meeting of the GST Council is also likely to assess the improvements in the GST Network's functioning.

GST collection tops Rs 94,000 crore for July from 44 lakh businesses

Finance Minister Arun Jaitley had last week stated that 38.38 lakh businesses had filed their returns and paid Rs 92,283 crore in taxes for the month of July - the first month of implementation of independent India's biggest tax reform, the GST.

Petroleum products will not be brought under GST: MP Finance Minister

However, the minister, who admitted that the rate of tax (VAT and entry tax) on petroleum products in the state is on the higher side also gave a justification for it.

27 lakh biz yet to complete GST registration process: GSTN

The deadline for filing the first return GSTR-3B is August 20.

Subdued demand may force relook at GST composition scheme

With just about one lakh of 70 lakh businesses opting for GST Composition Scheme, tax authorities are reviewing why the scheme that allowed such entities to pay a fixed 1-5 percent tax, has not clicked.

GST to be positive for auto, retail; negative for SMEs: Fitch

New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil and gas, and SME sectors, Fitch Ratings said on Tuesday.

GSTIN display on sign boards must for businesses

Traders and businesses will have to display the GST registration number on their business sign boards and the registration certificate in premises.

'Apprehension about price rise post-GST misplaced'

Ruling out any price rise post Goods and Services Tax (GST), former Revenue Secretary Shaktikanta Das has said such apprehensions are "misplaced" and initial hiccups in its implementation will be sorted out in the next 2-3 months.

1.6 lakh new businesses register on GSTN in 4 days

As many as 1.6 lakh businesses that were previously not registered for either VAT, service tax or excise duty have enrolled for Goods and Services Tax (GST) in the past four days.

Banks not yet prepared for GST roll-out: IBA to Parliamentary panel

With less than a month left for the rollout of the GST, the Indian Banks' Association (IBA) has informed a Parliamentary panel that lenders are not yet geared up for implementation of the new indirect tax regime.

'GST to help in better description of GDP'

The Goods and Services Tax, to be implemented from next month, will be an exciting development from data point of view and help provide a more complete description of the economic activity, Chief Statistician T C A Anant has said.