Excise Duty
Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report
Fri, Nov 23, 2018
Total GST collections come at Rs 6.78 lakh crore as compared with the 2018-19 Budget Estimate of Rs 7.44 lakh crore, including SGST and IGST. "If we exclude SGST and proceeds of IGST contributed to states, the GST collection of the Centre comes to Rs 3.46 lakh crore (47 per cent of BE)," the report said.
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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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Second excise duty cut under Modi reign; consumers rejoice as petrol, diesel prices cut, but this is how much govt will lose
Thu, Oct 04, 2018
Modi government announced a cut in excise duty by Rs 1.50 and OMCs will absorb another Re 1, therefore, a total of Rs 2.50 will be cut in both petrol and duty prices
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With petrol, diesel prices at record highs here are 4 ways to check daily change in rates
Sun, Jun 03, 2018
India after 16 days of aggressive hikes witnessed its first relief in petrol and diesel prices from May 29. However there is nothing to be excited about the cut made in these two fuel product because rates are still at record high levels.
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Not 1%, but 1 paisa cut! After big error, petrol, diesel prices changed twice today, but stay at record highs
Wed, May 30, 2018
A big error by IOC website had revealed that petrol diesel prices have been cut by as much as 60 paise! Check out the actual rates in metro cities like New Delhi, Mumbai, Kolkata and Chennai.
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Petrol, diesel prices: How PMO can douse raging fuel rate fire; 3 options to big relief for public
Sat, May 26, 2018
OMCs like HPCL, IOCL and BPCL take into consideration the international crude oil prices, government's excise duty and various state's Value Added Tax (VAT) to derive the final retail prices of fuel products including petrol and diesel.
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Tired of paying record high petrol, diesel prices? These credit cards can help you save big
Wed, May 23, 2018
The government has linked petrol, diesel prices the the ones prevailing in international markets with the hope that consumers would benefit. However, the move has boomeranged as fuel rates have soared to record highs.
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Petrol, diesel prices at record high! Can PMO afford to relax excise duty?
Wed, May 23, 2018
OMCs like HPCL, IOCL and BPCL take into consideration the international crude oil prices, government’s excise duty and various state's Value Added Tax (VAT) to derive the final retail prices of fuel products including petrol and diesel.
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Petrol, diesel prices: Crude oil soars, but govt rules out excise duty relief; now pay more at fuel station
Wed, Apr 04, 2018
The OMCs, while deciding the prices of fuel, take into consideration the performance of international crude oil, adding government’s excise duty and various state’s value added tax (VAT).
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