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Value Added Tax News

13 Jan 2024

Decoding Budget Terms: What Is Indirect Tax? Definition, Types, And More

Indirect tax is a kind of tax that can move from one place to another.

21 Oct 2023

Cheers To Higher Prices: Liquor In Bars And Cafes To Become Costlier

According to a recent Times of India report, the government issued a resolution on Friday detailing the VAT increase.

27 Apr 2022

PM targets Opposition-ruled states over non-reduction in VAT

PM Modi raised the issue of many states not adhering to the Centre's call for reducing the Value Added Tax (VAT) on petrol and diesel after his government slashed excise duties on them in November last.

06 Nov 2021

22 states/UTs have lowered the VAT on petrol and diesel, says government

According to the ministry, 14 states/UTs have not implemented any VAT reductions in petrol and diesel. According to the ministry, the UT of Ladakh has seen the greatest fall in petrol costs, followed by Karnataka and Puducherry. According to the government, the UT of Ladakh has made the largest reductions in diesel prices, resulting in a drop of Rs 19.61 per litre.

20 Aug 2019

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.

Gujarat government

10 Oct 2017

Petrol, diesel become cheaper by upto Rs 3 per litre in Gujarat as state govt cuts VAT by 4%

The Centre had recently brought down excise duty on petrol and diesel by Rs 2 per litre.

24 Jun 2017

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.

25 May 2017

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.

Ministry of Consumer Affairs

05 Mar 2017

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.

Finance Minister Arun Jaitley

04 Apr 2016

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 .

Tips for eating out

13 Nov 2015

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.

30 Sep 2015

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.

01 Sep 2015

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.

16 Jul 2015

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.

Value Added Tax

30 Jun 2015

Delhi Assembly passes amendment to VAT Act

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

Value Added Tax

24 Mar 2015

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.

Civil Aviation Ministry

17 Mar 2015

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.

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