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15% VAT hike comes into effect in Saudi
Wed, Jul 01, 2020
The authority also urged citizens and residents to ascertain the items of the tax invoice, including store name, date of purchase, tax number, and VAT, calling for cooperation with and reporting any violation business if these elements are not available, through its website and app.
Now, this state government hikes VAT on petrol, diesel
Sun, May 17, 2020
The last revision of VAT on petrol and diesel was made on January 5, 2016 from 23 per cent to 26 per cent.
Bihar government cuts petrol price by Rs 2.52/litre, diesel by Rs 2.55
Sat, Oct 06, 2018
On Friday, Bihar government lowered the value added tax (VAT) on petrol and diesel which would make these fuels cheaper by Rs 2.52 and Rs 2.55 a litre, Respectively.
Jaitley urges states to cut VAT on petrol, diesel
Wed, Oct 04, 2017
Jaitley, who is here on three-day official visit, said the Rs 2 per litre cut in excise duty on petrol and diesel was done to give relief from relentless increase in prices and leave more money in hands of consumers.
FM Arun Jaitley asks states to reduce VAT on petroleum products post GST
Fri, Aug 18, 2017
Finance Minister Arun Jaitley writes to State Chief Ministers to reduce burden of Value Added Tax on Petroleum Products used for manufacturing.
GST Council hikes cess on cigarettes
Tue, Jul 18, 2017
GST in India versus GST in the other countries: What differentiates India
Mon, May 29, 2017
Concept of GST is not new to the world as nearly 160 countries as on 2016, have opted this mode for bringing individually tax rates into a single tax.
GST Chaupal: Traders in Mumbai's Kumbharwada get their queries answered
Wed, May 17, 2017
Zee Business recently hold a panel discussion with traders in Mumbai's Kumbharwada area in order to learn about what they think about the GST tax, here are the excerpts from that panel discussion.
Govt to strengthen CBIC under GST to check tax evasion
Wed, May 17, 2017
In a letter to the zonal heads, the human resource arm of the CBEC said the Directorate General of GST Intelligence (DGGSTI) will be the new name of the existing Directorate General of Central Excise Intelligence (DGCEI), but with more powers.
New VAT to be implemented in Gujrat
Tue, May 09, 2017
New VAT to be implemented in Gujrat. Watch the full segment for more details.
Air travel from Delhi to remote areas set to get cheaper
Wed, Mar 08, 2017
Air travel from Delhi to remote areas will be cheaper with the AAP government today announcing slashing of VAT on Air Turbine Fuel (ATF) from existing 25 per cent to one per cent to complement the Centre's regional connectivity scheme (RCS).
Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice
Tue, Feb 28, 2017
Snapdeal has launched GST Guru program to provide expert advice to its online sellers on the upcoming tax structure GST.
CBEC seeks exporters' feedback on drawback rates post GST
Sun, Feb 26, 2017
"In order to ensure smooth transition to GST framework, the Drawback Committee is to formulate and recommend revised All Industry Rates (AIRs) of drawback on rebate to be implemented for exports in the context of new GST environment," it said.
Govt may rework indirect tax maths mid-way after GST entry
Sun, Feb 12, 2017
GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.
Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough
Thu, Jan 26, 2017
Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.
GST's toll-free helpline number receives 80% calls from SMEs, startups
Tue, Jan 24, 2017
India's SMEs and startup companies are anxious about the government's implementation of GST and its impact on the sectors.
Budget 2017: World Gold Council demands lowering of gold taxes from current 13%
Mon, Jan 23, 2017
"Total taxes on gold is about 13% at present. This has to come down, between GST and Customs duty, to a reasonable level so that there is no incentive to grey market," Somasundaram P R, head of the WGC's India operations, told PTI.
Petrol prices cross 2013 peaks, but political opposition missing
Sat, Jan 21, 2017
In February 2013, opposition parties, notably the Bharatiya Janata Party (BJP), took to the streets in protest as the price of petrol in the national capital spiralled to Rs 69.06. "This is a betrayal (of) the people of the country.
GST Council agrees on 5 areas; differ over decisions taken in first meeting
Fri, Sep 30, 2016
In signs of fracture, the Centre and states on Friday disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime.
GST: Clarification likely on Centre's power to levy excise
Mon, Sep 19, 2016
The revenue department is likely to issue clarification on legality of levying excise duty by the Centre on various commodities till implementation of goods and services tax (GST) from April 1, 2017.