Petrol prices up by 30 paise, diesel by 35 paise; here's what fuel costs in Mumbai, Delhi, Chennai today
In Delhi alone, petrol prices touched Rs 89.29 a litre, while diesel is selling at Rs 79.70. Similarly in Mumbai, petrol prices touched Rs 95.75 a litre, while diesel was up to Rs 86.72
UK abolishes tax on tampons and other sanitary products, categorises them as 'essential'
Britain's treasury has previously estimated the move will save the average woman nearly $55 over her lifetime
Transporters demand rollback in diesel price hike; say increasing duties, taxes may disrupt supply of essential commodities
All India Motor Transport Congress (AIMTC) on Tuesday demanded the rollback of diesel price hike and said increasing duties and taxes may disrupt the supply of essential commodities
Govt approves tax reimbursement scheme for exporters; says measures compliant with WTO norms
These taxes include value added tax (VAT), electricity duties and fuel used for transportation, which are not exempt or refunded under any other existing mechanism.
Maharashtra Budget 2020: Uddhav Thackeray-led govt announces farm sops, hikes VAT on petrol, diesel
In its maiden budget, the Maha vikas Aghadi (MVA) government in Maharashtra on Friday announced sops for farmers, proposed to increase VAT on petrol and diesel by Re 1 per litre and reduced electricity duty for industries
Oil Ministry pitches for inclusion of natural gas in GST to promote use of environment-friendly fuel
Ahead of the Union Budget, the Oil Ministry has made a renewed pitch for inclusion of natural gas in the ambit of GST to promote the use of the environment-friendly fuel by reducing multiplicity of taxes and improving business climate
Economic slowdown: Centre staring at Rs 63,200 cr shortfall in GST compensation cess collection, says report
As per a presentation made to the GST Council, the compensation requirement for states is expected to be about Rs 1.6 lakh crore for the ongoing fiscal, at a growth rate of 5 percent
Petrol pumps in Rajasthan to shut operations for 24 hours over increased VAT rate
Petrol and diesel pumps across Rajasthan will keep their operations shut for 24 hours, starting 23 October to protest against the increased rate of Value Added Taxes (VAT), officials said on Tuesday
Gems, jewellery exports may decline 5-10% this year; US-China trade war, protests in Hong Kong to impact sales: GJEPC
In September, the overall gems and jewellery exports dipped by 7.43% to Rs 23,788.01 crore during September 2019
Petrol, diesel become cheaper in Delhi than UP after Yogi Adityanath govt raises taxes on two fuels
Petrol and diesel are now cheaper in Delhi as compared to adjoining cities of Uttar Pradesh after the Yogi Adityanath government in the neighbouring state raised taxes on the two fuels
Two years after GST: 'Monumental restructuring of one of world’s clumsiest indirect tax system was not an easy task'
The challenges to implement the GST were compounded by some outlandish and exaggerated comments of the not so well-informed.
GST evasion: 10% of profiteered amount as penalty is draconian when the concept of profiteering itself is nebulous
The Narendra Modi government’s obsession with foiling profiteering under the Goods and Services Tax (GST) law is going on unabated.
Travels through the Hindi belt: In Yogi Adityanath's Uttar Pradesh, unemployment beats national rate; sports goods industry takes hit
After Yogi Adityanath became the chief minister of Uttar Pradesh in March 2017, he has been cracking down on cow slaughter.
Economists vs CAs: Statistics, scriptures can be tweaked to win over rivals, but what matters is the ground reality
Mirrors don’t lie but statistics can especially given the leeway available to the compiler of data to interpret them to further his cause or viewpoint.
GST rate cut: Latest round of reduction makes real estate sector very reasonable, simple for home buyers
In this backdrop, a GST rate of 18 percent with a 33 percent abatement for the value of the land, leading to an effective rate of 12 percent was considered very high.
Oil prices hiked third time this month on firming input cost; petrol prices up by 19 paise, diesel by 28 paise
In Mumbai, petrol now costs Rs 74.72 a litre and diesel is priced at Rs 65.73.
GST has been at receiving end of ill-informed, motivated criticism; govt could work towards a single standard rate, says Arun Jaitley
With the GST transformation completed, we are close to completing the first set of rate of rationalisation, i.e. phasing out the 28% slab except in luxury and sin goods.
GST Council cuts rates on 23 items, rationalises 28 percent slab; TVs, movie tickets and power banks get cheaper
The annual revenue implication of the rate cuts would be Rs 5,500 crore, Finance Minister Arun Jaitley said.
Govt is trying to correct botched-up implementation of GST, solution lies in single rate tax system
India is one of the few countries in the world with so many GST rates.
Tax on home appliances, luxury goods register decline post GST roll-out, says finance ministry report
The GST implementation has also brought down tax rates on luxury goods like air conditioners and automobiles.