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PETROLEUM PRODUCTS TAXATION
100 days of Iran war, Rs 4,50,000 crore wiped out: Is your stock portfolio safe from missiles?Indian equities have lost Rs 4.5 lakh crore in 100 days as the Iran-led West Asia conflict and a global AI trade unwind trigger sharp FII o...- India needs structural reforms, not subsidies, to shield economy from West Asia shocks: ReportIndia must shift from subsidy reliance during global crises to structural reforms for economic resilience. Rising geopolitical tensions hig...
- ‘We are not like India...’: Pakistan minister admits on live TV country has no strategic oil reserves, says stock only for five to seven daysPakistan's energy vulnerability is highlighted as Petroleum Minister Musadik Malik revealed that Islamabad possesses only a few days of cru...
- Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Maharashtra may oppose move to bring diesel, petrol under GST"If there is any move in the GST council that affects the state’s power on taxation, then it would be opposed,” Ajit Pawar said.
- Oil Minister Dharmendra Pradhan nudges FM to include ATF, natural gas in GSTIncluding ATF and natural gas will not just help companies set off tax that they paid on input but will also bring about uniformity in taxa...
- Dharmendra Pradhan asks states to help bring petro products under GSTAs per the GST Constitutional Amendment Bill, petroleum products like LPG, kerosene and naptha would attract GST.
- Petroleum products to be out of GST for now: CEA Arvind Subramanian"Constitutionally petrol and other petroleum products will be within the GST system. But it would be out of the GST dispensation after its ...
- Impose higher carbon tax on petrol products and coal: Eco surveyThe survey highlighted the need and scope for rationalising coal and petroleum prices and making them equivalent to international prices.
- Economic Survey 2015: Green initiatives that re-energised renewable sectorThe Economic Survey observes that there is still a long way to go with potential large gains still to be reaped from reform of coal pricing.
- Tamil Nadu Chief Minister J Jayalalithaa presses for more changes in GST BillIn a letter to Prime Minister, she said the proposed GST Council "with the functions assigned to it will override the supremacy of the Legi...
- State Finance Ministers to hold GST meet in Shillong on November 18-19At its last meeting on October 21, several states had opposed the inclusion of petroleum products and liquor in the proposed indirected tax...
- GST panel to discuss taxation of liquor, petro productsIssues concerning taxation of liquor and petroleum products are expected to figure in the meeting of the Empowered Committee of State Finan...
- Budget 2011: Appropriate fiscal policies needed for oil & gas sector; says Akhil Sambhar, Tax professional, Ernst & YoungGovernment should give adequate fiscal incentives. These incentives will attract more companies to invest in the Indian oil & gas sector.
- States should take blame for high fuel pricesMany states have in their last budget hiked the value added tax on petroleum products, sharply increasing the incidence of state-specific t...
- IOC awaits changes in tax laws to buy diesel from RILIndian Oil Corp, the nation's largest oil firm, is looking at changes in tax laws to buy diesel from Reliance Industries to meet the fuel d...
- RIL city gas to be 33% cheaper than LPG: MukeshReliance Industries said its city gas would be cheaper by almost 33 per cent compared to LPG being supplied by oil PSUs.
- RIL to start getting revenues from K-G basinRIL will start getting revenues from its natural gas discoveries in K-G basin from 2009-10, Chairman and Managing Director Mukesh Ambani sa...
- No hike in LPG, kerosene prices: DeoraPetroleum minister Murli Deora has ruled out any immediate increase in LPG (cooking gas) and kerosene prices, saying the government was com...
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