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VAT ON PETROLEUM PRODUCTS
Nayara Energy cuts petrol price by Rs 5, diesel by Rs 3 amid softening oil pricesNayara Energy has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide, marking the first reduction in over two years. Thi...
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
These large-, mid- and small-cap stocks can give more than 25% return in 1 year, according to analystsAs the old saying goes: Nothing can be ruled out on the street. Which means that one should be prepared for anything. Now, what is the prob...
Petrol, Diesel prices on June 14: Check latest rates in Delhi, Mumbai, Bengaluru and other citiesFuel prices remained steady on June 14, 2026, offering consumers a respite after recent hikes. This pause comes despite global crude oil vo...
Six non-BJP ruled states have not reduced VAT on petroleum products: Hardeep PuriSix states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT, he said amidst vocal pr...
BJP slams Maharashtra govt for not cutting VAT on petrol, dieselBhagwat Karad, Union minister of state for finance, said he would be speaking to Maharashtra chief minister Uddhav Thackeray and deputy chi...
Despite government push, states stall cutting VAT on petrol and dieselThe five states pruned VAT on fuels after the Centre early last month shifted the onus on state governments by slashing excise duty on petr...
As states agree to cap VAT on natural gas at 5%, uniform petroleum tax may not remain a distant dreamThe Centre had been keen to bring petroleum products under ambit of GST, which was implemented on July 1, from the start.
Finance Minister Arun Jaitley asks states to cut tax burden on petro productsCrude oil, petrol, diesel, natural gas and ATF have been kept out of the purview of GST replacing over a dozen central and state levies wit...
Finance Minister Arun Jaitley asks states to cut VAT on natural gas, other fuelInputs like natural gas are used for power generation as well as in manufacturing fertiliser, petrochemicals and a variety of products like...
VAT on petroleum products to continue, to be decided by GST Council: MinisterResponding to concerns raised by members on tax on agriculture, Kesarkar assured that the tax on agriculture income will remain zero per ce...
Dharmendra Pradhan 'helpless' on hike of VAT in petro products by statesPradhan expressed his helplessness when he said "he cannot do anything on states hiking VAT on petroleum products, but would like the price...
Fuel price cut: Punjab, Haryana see revenue loss of Rs 300crore per yearIt was the eighth straight reduction in petrol prices since Aug and fourth in diesel since Oct. The new prices were effective from Dec 15 m...
- Allow benefits of price cuts to public: Centre to write to CMs
The Union Minister was in the state to attend the second death anniversary of veteran BJP leader Kailashpati Mishra.
- Gujarat Congress promises drastic cut in VAT on petroleum products
Gujarat Congress today promised a cut in VAT levied on petroleum products if the party wins the Assembly elections.
- Rajasthan firm on levying VAT on Cairn crude
Ruling down the centre’s assertion to levy central sales tax on Cairn crude, Rajasthan government is firm on charging VAT on crude oil sold...
- Petro price hike will affect Gujarat adversely: Vyas
The Gujarat Government on Saturday said that the inapt handling of the petroleum product pricing by the Centre will affect the state badly ...
- AP govt rules out reduction of VAT on petroleum products
Andhra Pradesh government today ruled out any reduction of VAT on petroleum products even as it announced that it would bear the Rs 50 hike...
- Petro goods will be freed from VAT till '05
Major petroleum products like petrol, diesel, LPG and Kerosene will be excluded from the value added tax (VAT) for the first two years. Fin...
- Delhi to slap entry tax on goods from states
THE DELHI government, aiming to replace sales tax by a Value Added Tax by April 1, 2002, plans to give set-off of VAT paid on inputs agains...