VAT

VAT collection has crossed Rs 20,000 crore: Delhi govt

Delhi government today said VAT collection in the ongoing financial year has crossed Rs 20,000 crore, close to its revised target of Rs 21,000 crore.
 

Mar 26, 2016, 20:46 PM IST

VAT: Odisha food item traders threaten to stop import

Protesting against the Odisha government's delay in withdrawing 5 per cent VAT on certainfood items, a traders body today threatened to stop import of essential commodities like pulses, wheat and wheat products,sugar and edible oil from other states from April 1

Mar 25, 2016, 22:34 PM IST

Likely government intervention to lower steep restaurant bills

Food bills in steeply priced restaurants are seen coming down, as government  is likely to issue guidelines for restaurants to curb the arbitrary charging of service tax.

Nov 13, 2015, 11:41 AM IST

Delhi Cabinet passes resolution against LG in fresh face-off

In an unprecedented move, the Delhi Cabinet on Friday passed resolutions, challenging Lt Governor Najeeb Jung's authority to relieve the VAT Commissioner who it alleged was targeted for "fighting graft", and appointed a GoM to protect bureaucrats from "political victimisation".

Oct 23, 2015, 20:23 PM IST

Punjab, Haryana hike VAT on diesel

Punjab and Haryana raised Value Added Tax (VAT) on diesel, negating the full benefit of Rs 2 per litre cut on fuel to consumers.

Jul 16, 2015, 18:15 PM IST

Greece's proposals target VAT, retirement, taxes: Reports

Greece`s latest proposals to reach a debt deal with its creditors are focused on VAT rates, early retirement measures and tax increases, which aim to cover a good part of the country`s budgetary gap, Greek press reported Monday.

Jun 22, 2015, 18:43 PM IST

Government mulls policy to impose VAT, entry tax on import of sand

This will not only stop illegal transport of sand in the state, but will also get us revenue.

May 22, 2015, 12:58 PM IST

Amendment to Value Added Tax Act passed

In a major relief to city's traders, Delhi government on Tuesday passed an amendment to the Value Added Tax (VAT) Act which will allow them to carry forward their credit for successive financial years.

Mar 24, 2015, 19:58 PM IST

Govt seeks Parl nod for Rs 11000 cr CST compensation to states

Government Monday sought approval of Parliament to release about Rs 11,000 crore to states and union territories to compensate them for revenue loss on account of phasing out of Central Sales Tax (CST).

Mar 09, 2015, 19:15 PM IST

Petrol, diesel prices hiked

Petrol price up by 82 paisa per litre; diesel by 61 paisa

Feb 15, 2015, 18:37 PM IST

DoT for 15-year tax holiday for domestic mobile manufacturing, lower VAT

To rejuvenate mobile phone manufacturing in the country, the Department of Telecom is believed to have sought a 15-year tax holiday on domestic production of handsets and a lower unifom VAT rate among other relaxations.

Jan 06, 2015, 19:38 PM IST

Maharashtra loses Rs 2,500 cr revenue due to high VAT rate: ICA

Mobile handset makers' body Indian Cellular Association (ICA) has appealed to the Maharashtra government to reduce VAT from 12.5 percent to 5 percent on mobile phones.

Dec 21, 2014, 13:01 PM IST

Gujarat HC ruling gives Rs 1,000 cr VAT relief to ONGC

A division bench of Justices Akil Kureshi and V M Pancholi passed the order.

Dec 18, 2014, 23:32 PM IST

States on board, GST to be rolled out from April 2016: Sinha

Government on Tuesday said that broad agreement has been achieved with the states on most of the issues concerning the implementation of Goods and Services Tax (GST) which is scheduled to be rolled out from April 1, 2016.

Dec 09, 2014, 15:59 PM IST