value added tax

States asked to lower duties on petroleum fuels


June 21st, 2010 - 8:49 pm ICT by IANS
New Delhi, June 21 (IANS) In a bid to ease the burden of high fuel prices, Petroleum Minister Murli Deora has asked all states to reduce their levies on petrol and diesel, ... Read more...

Posted in Business |

IMF stops loans to Pakistan till imposition of VAT


June 8th, 2010 - 7:27 pm ICT by IANS
Islamabad, June 8 (IANS) The International Monetary Fund (IMF) has stopped the release of loans to Pakistan till the imposition of Value Added Tax (VAT), leading to the withholding of $1.15 billion, ... Read more...

Posted in Business |

Pakistan’s GDP to grow 4.5 percent in 2010-11: Report


May 25th, 2010 - 1:03 pm ICT by IANS
Karachi, May 25 (IANS) Pakistan's economy is set to grow at 4.5 percent in fiscal 2010-11 beginning July 1 against the 4.1 percent during the current fiscal, a media report said Tuesday. Agriculture ... Read more...

Posted in Business |

Petrol pumps go on strike, upset commuters


May 24th, 2010 - 5:04 pm ICT by ANI
New Delhi, May 24 (ANI): Commuters are facing the brunt of a strike called by petrol pump owners in New Delhi to protest the hike in Value Added Tax on diesel from ... Read more...

Posted in National |

Greece to cut deficit by 30 bn euro in three years (Lead)


May 2nd, 2010 - 7:00 pm ICT by IANS
Athens/Brussels, May 2 (DPA) Greece sealed a multi-billion euro bailout deal with the European Union and International Monetary Fund Sunday with a promise to cut its deficit by 30 billion euros over ... Read more...

Posted in Business |

Deora appeals to Delhi petrol vends against strike


April 8th, 2010 - 9:49 pm ICT by IANS
New Delhi, April 8 (IANS) Petroleum Minister Murli Deora Thursday appealed to petrol pump owners in Delhi not to go ahead with their proposed one-day strike from midnight to protest the Delhi ... Read more...

Posted in Business |

Punjab targeting Rs.100 bn VAT collection


April 8th, 2010 - 7:28 pm ICT by IANS
Chandigarh, April 8 (IANS) Claiming that the state had registered the highest growth in value added tax (VAT) collection in the country, Punjab Deputy Chief Minister Sukhbir Singh Badal Thursday said Punjab ... Read more...

Posted in Politics |

Delhi traders to shut shops over rising prices


March 26th, 2010 - 7:43 pm ICT by IANS
New Delhi, March 26 (IANS) Traders will shut shops in Delhi Saturday to protest the rise in prices of diesel and other items. The Confederation of All India Traders (CAIT) Friday called for ... Read more...

Posted in Business |

BJP slams Delhi government for imposing fresh taxes


March 24th, 2010 - 1:10 pm ICT by ANI
New Delhi, Mar 24 (ANI): The Bharatiya Janata Party (BJP) staged a demonstration outside the residence of Delhi Chief Minister Sheila Dikshit to protest against increase in prices of essential items ... Read more...

Posted in National |

Jharkhand to attract investments with single window


March 5th, 2010 - 8:18 pm ICT by IANS
Ranchi, March 5 (IANS) The Jharkhand government will set up a single window system to clear proposals in a bid to attract more investments to the state, Finance Minister Raghubar Das said ... Read more...

Posted in Business |

Uttar Pradesh waives off trade tax for exporters


February 25th, 2010 - 5:49 pm ICT by IANS
Lucknow, Feb 25 (IANS) With a view to boosting exports from Uttar Pradesh, the Mayawati government has announced a major tax incentive - a full waiver of trade tax - to all ... Read more...

Posted in Business |

Jharkhand petrol pumps strike against tax hike


February 23rd, 2010 - 4:12 pm ICT by IANS
Ranchi, Feb 23 (IANS) Petrol pumps in Jharkhand were closed Tuesday, causing inconvenience to residents, as the dealers called for a one-day strike to protest a 5.5 percent Value Added Tax (VAT) ... Read more...

Posted in Business |

Godrej wants Cenvat rebate to continue


February 19th, 2010 - 8:00 pm ICT by IANS
Bangalore, Feb 19 (IANS) The government should maintain the Central Value Added Tax (Cenvat) rate at eight percent that was part of the financial stimulus measures, Godrej group chairman Adi Godrej said ... Read more...

Posted in Business |

Deshmukh asks for auto sector stimulus to continue


February 17th, 2010 - 8:03 pm ICT by IANS
New Delhi, Feb 17 (IANS) Heavy Industries Minister Vilasrao Deshmukh Wednesday urged Finance Minister Pranab Mukherjee to continue with incentives and stimulus given to the auto industry during slowdown in late ... Read more...

Posted in Business |

JMM demands roll back of VAT hike on diesel


February 14th, 2010 - 11:46 pm ICT by IANS
Ranchi, Feb 14 (IANS) Jharkhand's ruling Jharkhand MUkti Morcha (JMM) Sunday demanded the government roll back the 5.5 percent Value Added Tax (VAT) imposed on diesel, which takes its price up by ... Read more...

Posted in Politics |

Jharkhand hikes value added tax on diesel


February 10th, 2010 - 6:51 pm ICT by IANS
Ranchi, Feb 10 (IANS) The Jharkhand cabinet Wednesday hiked Value Added Tax (VAT) on diesel to 20 percent, raising the price of the fuel by Rs.2 per litre. "The VAT has been hiked ... Read more...

Posted in Business |

Kashmir government gets 10-year extension of tax package


February 9th, 2010 - 11:06 pm ICT by IANS
Jammu, Feb 9 (IANS) The Omar Abdullah government in Jammu and Kashmir Tuesday scored a major victory when it got another ten-year extension of the central excise package and refund on ... Read more...

Posted in Business |

High prices and hoarding will continue in India (Part-II)


February 1st, 2010 - 1:32 pm ICT by ANI
In a situation like this, what can the Government do? Pretty little; for the vast majority of people involved in this nefarious trade are the ones who make huge donations to ... Read more...

Posted in National |

Sugar gets cheaper in Delhi


December 9th, 2009 - 9:02 pm ICT by IANS
New Delhi, Dec 9 (IANS) The Delhi government Wednesday decided to waive the 12.5 percent value added tax on sugar imports, a move that authorities believe will bring down its price in ... Read more...

Posted in Business |

Government to press states for goods and service tax


July 7th, 2009 - 9:58 pm ICT by IANS
New Delhi, July 7 (IANS) Finance Minister Pranab Mukherjee Tuesday said the government will try and persuade state governments and other stake holders to implement a unified goods and service tax ... Read more...

Posted in Business |

Jaipal Reddy proposes cut in home loan rates


June 16th, 2009 - 7:54 pm ICT by IANS
New Delhi, June 16 (IANS) Urban Development Minister Jaipal Reddy Tuesday sought to boost affordable housing, proposing an interest rate of 7.5 percent on loans for houses costing between Rs.5 lakh and ... Read more...

Posted in Business |

Jharkhand traders step up protest against VAT


June 16th, 2009 - 12:31 am ICT by IANS
Ranchi, June 15 (IANS) Around 600,000 traders in Jharkhand Monday protested in front of the governor's house demanding an immediate roll-back of the 4 percent value-added tax (VAT) imposed on foodgrains from ... Read more...

Posted in Business |

West Bengal jewellers on 72-hour strike


June 8th, 2009 - 7:33 pm ICT by IANS
Kolkata, June 8 (IANS) About 40,000 jewellers in West Bengal started a 72-hour strike Monday in protest against alleged harassment by income-tax (IT) department officials. The strike, called by two trade-related organisations, is ... Read more...

Posted in Business |

JMM, BJP demand rollback of VAT on food grains


June 8th, 2009 - 7:03 pm ICT by IANS
Ranchi, June 8 (IANS) The Jharkhand Mukti Morcha (JMM) and the Bharatiya Janata Party (BJP) have demanded the rollback of four per cent Value Added Tax (VAT) imposed on food grains ... Read more...

Posted in Politics |

Delhi orders probe into tax challan forgery


May 26th, 2009 - 9:57 pm ICT by IANS
New Delhi, May 26 (IANS) Delhi government's Finance Minister A.K. Walia Tuesday ordered an inquiry into an alleged forgery in submission of value-added tax (VAT) challans in the national capital. The order was ... Read more...

Posted in Business |

Chandigarh scripts an e-success story


May 25th, 2009 - 12:05 pm ICT by IANS
By Alkesh Sharma Chandigarh, May 25 (IANS) No more scrambling from one place to another to pay telephone, water and electricity bills or even to buy stamp papers and file RTI pleas, thanks ... Read more...

Posted in Business |

Pay VAT for prostitution, rules Swiss court


March 26th, 2009 - 10:22 pm ICT by IANS
Geneva, March 26 (DPA) A court in Switzerland ruled Thursday that value added tax (VAT) must be paid for all things sold, including prostitution, dismissing a claim by a brothel owner. The owner, ... Read more...

Posted in Business |

Chidambaram urges companies to pass on tax cut benefits


February 24th, 2009 - 6:18 pm ICT by IANS
New Delhi, Feb 24 (IANS) Home Minister P. Chidambaram Tuesday said the 2-percent excise and service tax cuts announced by the government will boost production, and asked companies to pass on the ... Read more...

Posted in Uncategorized |

Commercial taxes can be paid online in Goa


February 11th, 2009 - 3:21 pm ICT by IANS
Panaji, Feb 11 (IANS) Goa will launch 'Cyber Treasury', a state-wide area network that enables entrepreneurs to pay commercial taxes, including value-added tax (VAT), online, state Finance Secretary Udipta Ray said here ... Read more...

Posted in Uncategorized |

Interest rates should be reduced further: Kamal Nath


February 10th, 2009 - 4:47 pm ICT by IANS
New Delhi, Feb 10 (IANS) Interest rates for the Indian corporate sector were still "very high" and must be reduced, Commerce Minister Kamal Nath said here Tuesday."This is under the domain of ... Read more...

Posted in Business |

Honda cuts car prices by up to Rs.31,000


December 9th, 2008 - 9:13 pm ICT by IANS
New Delhi, Dec 9 (IANS) Auto major Honda Siel Cars India Tuesday cut prices of all its models except the CR-V utility vehicle by up to Rs.31,000. The prices have been revised ... Read more...

Posted in Business |

Kerala raids rich to pay poor


August 14th, 2008 - 4:57 pm ICT by IANS
Thiruvananthapuram, Aug 14 (IANS) Kerala Finance Minister Thomas Isaac has solved the problem of clearing arrears to about 1.5 million pensioners ahead of the festival of Onam - by collecting Rs.158.70 million ... Read more...

Posted in Politics |

Chhattisgarh commercial tax collection up 28 percent


August 14th, 2008 - 3:51 pm ICT by IANS
Raipur, Aug 14 (IANS) Chhattisgarh has collected Rs.11.48 billion as commercial tax during the first four months of the current fiscal, a 28 percent jump compared to collections during the corresponding period ... Read more...

Posted in Business |

Jewellers protest tax raids in Kerala


July 16th, 2008 - 5:05 pm ICT by IANS
Kozhikode, July 16 (IANS) Jewellers across Kerala did not open their shops Wednesday to protest against state-wide tax raids conducted by the sales tax authorities. The call for the protest was given ... Read more...

Posted in Business |

British NRI brothers to produce trendy, female-friendly condoms


July 5th, 2008 - 7:43 pm ICT by IANS
London, July 5 (IANS) Two Indian-origin brothers who run a pharmacy in central London are to take on condom makers Durex, whose monopoly has made condoms in Britain among the most expensive ... Read more...

Posted in World |

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