value added tax

Government withdraws VAT on CNG


June 4th, 2012 - 6:24 pm ICT by IANS
New Delhi, June 4 (IANS) Delhi Chief Minister Sheila Dikshit Monday announced a withdrawal of five percent value added tax (VAT) levied on CNG. As a result, the price of ... Read more...

Posted in Politics |

What’be cheaper, dearer post Delhi budget


May 28th, 2012 - 10:32 pm ICT by IANS
The biggest relief in the Delhi budget for 2012-13, presented Monday by Chief Minister Sheila Dikshit was a reduction of Rs.1.26 per litre in petrol prices following a reduction in the ... Read more...

Posted in Business |

Goa plans mechanism to deter petrol smugglers


April 9th, 2012 - 12:15 pm ICT by IANS
Panaji, April 9 (IANS) Goa will soon start monitoring petrol pumps located on its borders to deter "petrol smugglers" from spiriting away hundreds of litres of cheap petrol, Chief ... Read more...

Posted in Business |

Petrol prices in Goa plunge


April 2nd, 2012 - 2:36 pm ICT by IANS
Panaji, April 2 (IANS) Petrol prices in Goa have dropped down to Rs.54.96 since Monday, the cheapest in the country, an official said.Long queues were witnessed at most petrol ... Read more...

Posted in Business |

Goa budget proposes to reduce petrol price by Rs.11 a litre


March 26th, 2012 - 7:38 pm ICT by IANS
Panaji, March 26 (IANS) In a step that will make petrol in Goa the cheapest in India, Chief Minister Manohar Parrikar Monday proposed a reduction in prices of the fuel ... Read more...

Posted in Business |

Himachal proposes Rs.20,243 crore budget estimates


March 20th, 2012 - 1:30 am ICT by IANS
Shimla, March 19 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Monday presented the budget estimates for 2012-13 with a proposed outlay of Rs.20,243.92 crore. However, no fresh taxes, except ... Read more...

Posted in Business |

Tax on alcohol, tobacco products hiked in Meghalaya budget


March 19th, 2012 - 5:53 pm ICT by IANS
Shillong, March 19 (IANS) Meghalaya Chief Minister Mukul Sangma Monday presented a Rs.382 crore deficit budget for the 2012-13 financial year.Sangma, who holds the finance portfolio, levied fresh taxes on ... Read more...

Posted in Business |

China invests $19 bn in forestry sector


February 27th, 2012 - 11:15 pm ICT by IANS
Beijing, Feb 27 (IANS) China invested over 120 billion yuan (about $19 billion) in the forestry sector in 2011 after noticing a year-on-year growth of over 27 percent, according to ... Read more...

Posted in Environment |

Delhi sees 23 percent increase in tax collection


January 18th, 2012 - 9:53 pm ICT by IANS
New Delhi, Jan 18 (IANS) Delhi's tax collection for the first nine months of the current fiscal increased by 23 percent at Rs.14,511 crore compared to Rs.11,822 crore collected in ... Read more...

Posted in Uncategorized |

Dikshit accuses BJP of levelling baseless charges


January 14th, 2012 - 12:04 am ICT by IANS
New Delhi, Jan 13 (IANS) Delhi Chief Minister Sheila Dikshit Friday accused the Bharatiya Janata Party of indulging in a "slanging match" by leveling baseless charges against her government."They ... Read more...

Posted in Politics |

Bengal warns businessmen of action for not paying taxes


November 15th, 2011 - 6:02 pm ICT by IANS
Kolkata, Nov 15 (IANS) Observing that West Bengal had a low tax compliance rate, state Finance Minister Amit Mitra Tuesday urged the business community to cooperate with the government in ... Read more...

Posted in Business |

Delhi waives VAT on fertilisers


November 8th, 2011 - 10:23 pm ICT by IANS
New Delhi, Nov 8 (IANS) In a measure to help farmers, the Delhi government Tuesday decided to remove value added tax (VAT), ranging between 5 and 12.5 percent, on fertilisers."The ... Read more...

Posted in Business |

India ranked 132 in ease of doing business: Report


October 20th, 2011 - 11:25 pm ICT by IANS
New Delhi, Oct 20 (IANS) India ranks 132 out of 183 countries in terms of the domestic regulatory environment for doing business, according to a World Bank and International Finance ... Read more...

Posted in Business |

Congress to launch farmers’ stir in Gujarat


May 24th, 2011 - 11:21 pm ICT by IANS
Ahmedabad, May 24, (IANS) The Congress party in Gujarat will launch an eight-day farmers' rights agitation across the state from June 1, state unit president Arjun Modvadia said here ... Read more...

Posted in Business |

Bajaj Auto net profit soars 163 percent


May 18th, 2011 - 4:56 pm ICT by IANS
Mumbai, May 18 (IANS) Boosted by an exceptional gain of Rs.827 crore, Bajaj Auto Wednesday reported an increase of 163 percent in its net profit for the fourth quarter of ... Read more...

Posted in Business |

VAT up in Meghalaya, alcohol costly


March 21st, 2011 - 11:33 pm ICT by IANS
Shillong, March 21 (IANS) Alcohol is set to become dearer in Meghalaya as Chief Minister Mukul Sangma Monday presented a deficit budget for 2011-12 and proposed fresh taxes to bridge ... Read more...

Posted in Politics |

Rs.70 bn compensation to states on account of reduced sales tax


February 10th, 2011 - 7:40 pm ICT by IANS
New Delhi, Feb 10 (IANS) The government Thursday approved Rs.7,029 crore (over Rs.70 billion) as compensation to states for losses incurred on reducing central sales tax (CST) during the current fiscal."The ... Read more...

Posted in Business |

Punjab technical institutes seek government intervention


December 15th, 2010 - 8:15 pm ICT by IANS
Chandigarh, Dec 15 (IANS) Managements of technical institutions in Punjab have sought tax concessions from the state government for their survival.In a meeting of nearly 100 educational institutions from Punjab held at ... Read more...

Posted in Uncategorized |

Delhi to protect tourists, simplify taxes


December 1st, 2010 - 9:26 pm ICT by IANS
New Delhi, Dec 1 (IANS) The Delhi assembly concluded the final day of its winter session Wednesday with the passage of two bills aimed at curbing harassment of tourists and simplifying ... Read more...

Posted in Business |

Mamata to take up filmmakers’ tax woes with government


November 22nd, 2010 - 9:50 pm ICT by IANS
Panaji, Nov 22 (IANS) Railway Minister Mamata Banerjee Monday said she will take up the film industry's concerns over taxation with the government. Her assurance came after filmmaker Yash Chopra raised ... Read more...

Posted in Business |

Punjab abolishes VAT on rice bran and husk


November 13th, 2010 - 10:43 pm ICT by IANS
Chandigarh, Nov 13 (IANS) Giving relief to the rice millers of the state, the Punjab government Saturday decided to abolish VAT (value added tax) on rice bran and husk."The Punjab rice millers' ... Read more...

Posted in Business |

India plans two national gas grids


October 19th, 2010 - 10:58 pm ICT by IANS
Chennai Oct 19 (IANS) With the discovery of natural gas in Andhra Pradesh which nearly doubles its availability in the country, India is planning to have two national gas pipeline grids, an ... Read more...

Posted in Business |

Spanish home sales up 30 percent in August


October 14th, 2010 - 12:58 pm ICT by IANS
Madrid, Oct 14 (IANS/EFE) Home sales in Spain grew 29.6 percent in August compared with the same month of 2009, the eighth-consecutive month that indicator has risen on an annual basis, although ... Read more...

Posted in Business |

High tax structure keeping away PlayStation customers: Sony


October 12th, 2010 - 9:23 pm ICT by IANS
Kolkata, Oct 12 (IANS) Sony Computer Entertainment Europe (SCEE) Tuesday said the high tax structure in India is keeping away many potential customers from its flagship product PlayStation."The PlayStation 3, which is ... Read more...

Posted in Business |

Tamil Nadu’s tax growth has halved: Jayalalithaa


August 30th, 2010 - 4:04 pm ICT by IANS
Chennai, Aug 30 (IANS) The implementation of value added tax (VAT) regime in Tamil Nadu by the DMK government from 2007 onwards has resulted in slower growth in commercial taxes revenue, AIADMK ... Read more...

Posted in Politics |

Single window system for VAT refunds for Delhi exporters


August 12th, 2010 - 9:01 pm ICT by IANS
New Delhi, Aug 12 (IANS) Exporters in Delhi will no more have to rush from one department to another for refund of the value added tax (VAT). The Delhi government Thursday started ... Read more...

Posted in Business |

Petrol dealers seek centre’s help to bring down VAT on diesel


August 4th, 2010 - 5:36 pm ICT by IANS
New Delhi, Aug 4 (IANS) Petrol dealers in Delhi Wednesday sought the centre's intervention in bringing the value added tax (VAT) charged by the state on diesel at par with that ... Read more...

Posted in Business |

Court notice to centre on Cinemax plea


July 28th, 2010 - 5:54 pm ICT by IANS
Gandhinagar, July 28 (IANS) The Gujarat High Court has issued notices to the finance ministry and others on a suit by multiplex chain Cinemax India against the levy of service tax on ... Read more...

Posted in Business |

Himachal assembly session from Aug 17


July 27th, 2010 - 7:20 pm ICT by IANS
Shimla, July 27 (IANS) The week-long monsoon session of the Himachal Pradesh legislative assembly will start here Aug 17, an official statement said here Tuesday. "Governor Urmila Singh has recommended convening of ... Read more...

Posted in Politics |

Deora asks states to follow Delhi in reducing taxes


July 16th, 2010 - 11:21 pm ICT by IANS
New Delhi, July 16 (IANS) Petroleum Minister Murli Deora Friday praised the Delhi government for reducing the value added tax on diesel, which will bring down its price by Rs.2.70 per litre, ... Read more...

Posted in Business |

Deora asks states to lower tax on diesel


July 16th, 2010 - 9:51 pm ICT by ANI
New Delhi, Jul 16 (ANI): Minister of Petroleum and Natural Gas Murli Deora today welcomed the Delhi government's move to lower the Value Added Tax on diesel, and reiterated his earlier appeal ... Read more...

Posted in National |

Diesel to get cheaper in Delhi


July 16th, 2010 - 7:52 pm ICT by ANI
New Delhi, Jul 16 (ANI): Delhi Chief Minister Sheila Dikshit announced on Friday tha the Value Added Tax on diesel will be reduced from the existing 20 percent to the previous 12.5 ... Read more...

Posted in National |

Delhi’s revenue collection goes up 33 percent


July 12th, 2010 - 11:52 pm ICT by IANS
New Delhi, July 12 (IANS) It's good news for the Delhi government as its revenue collection has increased by a massive 33 percent in the first quarter of fiscal 2010-11. Finance Minister ... Read more...

Posted in Business |

Bihar CM announces tax sops on food items


July 10th, 2010 - 1:02 pm ICT by ANI
Patna, July 10 (ANI): Bihar Chief Minister Nitish Kumar has declared a rebate in VAT (value added tax) on items of mass consumption so as to give some relief to commoners from ... Read more...

Posted in National |

10 year Pay Freeze for Queen Elizabeth II


June 23rd, 2010 - 2:26 am ICT by Aishwarya Bhatt
London, Jun 22 (THAINDIAN NEWS) Even the Royal Queen hasn’t been spared in the recent austerity budget in UK. The Chancellor of the Exchequer George Osbourne announced the budget and also revealed ... Read more...

Posted in World News |

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