News for 'VAT'

Sisodia manufactured opinion to back pre-conceived excise policy: CBI

Sisodia manufactured opinion to back pre-conceived excise policy: CBI

Rediff.com27 May 2023

Sisodia was unhappy with the recommendations, so he asked the then excise commissioner Rahul Singh to seek public opinion by placing the Dhawan Committee report on web site, the agency alleged in the chargesheet.

Tara Sutaria Unleashes Her Inner Diva

Tara Sutaria Unleashes Her Inner Diva

Rediff.com10 Dec 2021

Meet the best-dressed celebs for the week.

Gorgeous Karishma. Sexy Sara

Gorgeous Karishma. Sexy Sara

Rediff.com24 Sep 2021

Rounding off the best celeb styles for the week.

Petrol nears Rs 100 in Delhi after yet another price hike

Petrol nears Rs 100 in Delhi after yet another price hike

Rediff.com5 Jul 2021

Petrol price on Monday neared Rs 100-a-litre mark in the national capital after the rate was hiked yet again. Petrol price was increased by 35 paise per litre while there was no change in diesel rates, according to a price notification from state-owned fuel retailers. In Delhi, the petrol price soared to Rs 99.86 per litre. Diesel rates were unchanged at Rs 89.36.

IT: Provide relief from service tax and VAT double taxation

IT: Provide relief from service tax and VAT double taxation

Rediff.com24 Feb 2016

The industry employs about 10 million workforce.

Sukhu restores old pension scheme, says will keep all poll promises

Sukhu restores old pension scheme, says will keep all poll promises

Rediff.com13 Jan 2023

There are over 1.36 lakh employees, including employees and pensioners under the new pension scheme.

Festive cheer: Prices of petrol, diesel cut

Festive cheer: Prices of petrol, diesel cut

Rediff.com4 Nov 2021

Petrol price on Thursday was cut by Rs 6.07 per litre and diesel price by Rs 11.75 in Delhi as oil companies passed on a record reduction in excise duty rates to consumers. Buckling under pressure, the government had on Wednesday cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre to give reprieve to consumers battered by record high retail fuel prices. Since states charge local sales tax or VAT not just on the base price but also on the excise duty levied by the centre, the total incidence of price reduction is higher.

GST evasion of Rs 55,575 cr detected in last 2 years

GST evasion of Rs 55,575 cr detected in last 2 years

Rediff.com10 Nov 2022

GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing loss to the exchequer, an official said on Thursday. Over 22,300 fake GST identification numbers (GSTIN) were detected by the officers of the Directorate General of GST Intelligence (DGGI). The government on November 9, 2020, launched a nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit (ITC) fraudulently by issuing fake/bogus invoices, thereby evading Goods and Services Tax (GST).

As TV host fainted midway through debate, Rishi Sunak rushed to help

As TV host fainted midway through debate, Rishi Sunak rushed to help

Rediff.com27 Jul 2022

Rishi Sunak rushed to the side of a television host after she fainted live on air during a UK prime ministerial election debate, which was cancelled mid-way through.

Petrol inches towards Rs 100-mark in Rajasthan

Petrol inches towards Rs 100-mark in Rajasthan

Rediff.com15 Feb 2021

Petrol and diesel prices on Monday were hiked for the seventh day in a row as a rally in international oil prices took retail rates in India to new highs. Petrol price was increased by 26 paise per litre and diesel by 29 paise, according to a price notification of state-owned fuel retailers. This pushed retail rates, which differ from state to state depending on the incidence of local sales tax or VAT and freight charges, to their highest level. The hike took petrol price in Delhi to a record Rs 88.99 per litre and to a highest-ever rate of Rs 95.46 a litre in Mumbai.

In India, taxes on cars are among the highest

In India, taxes on cars are among the highest

Rediff.com29 Sep 2020

Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%.

GST on petroleum products will cut fuel taxes: Gadkari

GST on petroleum products will cut fuel taxes: Gadkari

Rediff.com10 Nov 2021

Bringing petrol, diesel and other petroleum products under the single nation-wide GST regime will reduce taxes on these products and increase the revenue of both the Centre and states, Union Minister Nitin Gadkari said on Wednesday. Finance Minister Nirmala Sitharaman will definitely try to bring petrol and diesel under GST if she gets the support of the state governments, said Gadkari while addressing the Times Now Summit virtually. "In the GST Council, finance ministers of states are also members.

Petrol, diesel prices drop as govt cuts excise duty

Petrol, diesel prices drop as govt cuts excise duty

Rediff.com21 May 2022

The excise duty cut will translate into a reduction of Rs 9.5 a litre on petrol and Rs 7 a litre in diesel after taking into account its impact on other levies.

INSPIRATIONAL Diwali Styles For You

INSPIRATIONAL Diwali Styles For You

Rediff.com2 Nov 2021

Celebrity-inspired festive looks to try out this Diwali.

Citroen starts home delivery of C5 Aircross SUV

Citroen starts home delivery of C5 Aircross SUV

Rediff.com7 Jul 2021

Automaker Citroen on Wednesday said it has commenced home deliveries of C5 Aircross SUV, its first model in the Indian market. The company, which is a part of Stellantis group formed by the merger of two global auto majors FCA and Groupe PSA, is taking online bookings for the model and then directly delivering the SUV to customers from its Tiruvallur-based (near Chennai) manufacturing plant. It is the first of its kind sales initiative in the country. Citroen currently has showrooms across ten cities in the country, including Bengaluru, Ahmedabad, Chennai, Mumbai, Pune, Hyderabad, Kolkata, Delhi, Kochi, and Gurugram. For customers outside these cities, it has launched a 100 per cent direct online buying for its flagship model.

50% voting in MCD polls; AAP, BJP claim victory

50% voting in MCD polls; AAP, BJP claim victory

Rediff.com4 Dec 2022

No major glitches in electronic voting machines were reported and the voting passed off peacefully with high security observed at the 3,360 critical booths in 493 locations where more than 25,000 police personnel, nearly 13,000 home guards and 100 companies of paramilitary forces were deployed, officials said.

Rishi Sunak Charms The Tory Faithful

Rishi Sunak Charms The Tory Faithful

Rediff.com28 Jul 2022

Rishi Sunak, one of the finalists in the race to succeed Boris Johnson as leader of the Conservative party and Britain's prime minister, is campaigning hard to win over the Tory faithful who will vote from today, July 28, to August 31 to elect their next leader.

8 dead as double-decker buses collide on UP expressway

8 dead as double-decker buses collide on UP expressway

Rediff.com25 Jul 2022

Eight people were killed and 16 others injured when a Delhi-bound double-decker bus rammed into a stationary double-decker bus on the Purvanchal Expressway in Barabanki on Monday, police said.

Will petrol, diesel come under the ambit of GST?

Will petrol, diesel come under the ambit of GST?

Rediff.com14 Sep 2021

The GST Council might on Friday consider taxing petrol, diesel and other petroleum products under the single national GST regime, a move that may require huge compromises by both central and state governments on the revenues they collect from taxing these products. The Council, which comprises central and state finance ministers, in its meeting scheduled in Lucknow on Friday, is also likely to consider extending the time for duty relief on COVID-19 essentials, according to sources in the know of the development. GST is being thought to be a solution for the problem of near-record high petrol and diesel rates in the country, as it would end the cascading effect of tax on tax (state VAT being levied not just on the cost of production but also on the excise duty charged by the Centre on such output).

Diesel crosses Rs 98/ltr in Rajasthan

Diesel crosses Rs 98/ltr in Rajasthan

Rediff.com31 May 2021

Diesel price on Monday went past the Rs 98-a-litre mark in a few places of Rajasthan as a relentless increase in fuel prices took rates to record-high levels. Petrol price was increased by 29 paise per litre and diesel by 26 paise a litre, according to a price notification of state-owned fuel retailers. The increase - 16th this month - pushed petrol and diesel prices to a fresh all-time high across the country. Sri Ganganagar district of Rajasthan saw petrol price climb to Rs 105.24 a litre and diesel to Rs 98.08 per litre.

Petrol scores a century in cricket's Mecca, crosses Rs 100 in Mumbai

Petrol scores a century in cricket's Mecca, crosses Rs 100 in Mumbai

Rediff.com29 May 2021

Petrol price on Saturday crossed the Rs 100-a-litre mark in Mumbai after the 15th increase in fuel prices this month. Petrol price was increased by 26 paise per litre and diesel by 28 paise a litre, according to a price notification of State-owned fuel retailers.

Raksha Bandhan: Style tips from Tara, Ananya, Mouni...

Raksha Bandhan: Style tips from Tara, Ananya, Mouni...

Rediff.com10 Aug 2022

Celeb-inspired ways to amp up your festive accessory game.

Petrol hits record Rs 99.71/litre in Mumbai

Petrol hits record Rs 99.71/litre in Mumbai

Rediff.com25 May 2021

Petrol price inched towards the Rs 100-mark in Mumbai on Tuesday after fuel rates were hiked again. Petrol price was increased by 23 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers. The hike - 13th this month - pushed petrol and diesel prices to record-high levels across the country.

TN sets up GST advisory body, experts fear it may clash with Centre

TN sets up GST advisory body, experts fear it may clash with Centre

Rediff.com6 Apr 2022

If other states follow suit, it is going to become difficult for the GST Council to decide on the next stage of reforms.

Govt revises gas pricing formula; CNG, piped cooking gas to cost 10% less

Govt revises gas pricing formula; CNG, piped cooking gas to cost 10% less

Rediff.com6 Apr 2023

The Union Cabinet on Thursday approved a revision in the formula for pricing of natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. Natural gas produced from legacy or old fields, known as APM gas, will now be indexed to the price of imported crude oil instead of benchmarking it to gas prices in four surplus nations such as the US, Canada and Russia, Union I&B Miniser Anurag Thakur told reporters after a meeting of the Cabinet. APM gas will be priced at 10 per cent of the price of basket of crude oil that India imports (Indian basket of crude oil).

Petrol inches towards Rs 100/litre in Mumbai

Petrol inches towards Rs 100/litre in Mumbai

Rediff.com21 May 2021

Petrol price on Friday inched closer to the Rs 100-a-litre mark in Mumbai while diesel crossed the Rs 91 mark after oil companies raised rates again. Petrol price was increased by 19 paise per litre and diesel by 29 paise a litre, according to a price notification by state-owned fuel retailers. The hike -- 11th this month -- pushed petrol and diesel prices to all-time high levels across the country. In Delhi, petrol rates climbed to Rs 93.04 a litre and diesel rose to Rs 83.80.

Petrol crosses Rs 99 in Mumbai after rates hiked again

Petrol crosses Rs 99 in Mumbai after rates hiked again

Rediff.com18 May 2021

Petrol price on Tuesday crossed Rs 99 a litre mark in Mumbai after oil companies raised petrol and diesel rates on surge in international oil prices. Petrol price was increased by 27 paise per litre and diesel by 29 paise, according to a price notification of state-owned fuel retailers. The hike - tenth this month - pushed petrol and diesel prices to an all-time high across the country. In Delhi, petrol rates climbed to Rs 92.85 a litre and diesel rose to Rs 83.51.

Petrol, diesel prices hiked again

Petrol, diesel prices hiked again

Rediff.com15 Jul 2021

Petrol price on Thursday was hiked by 35 paise per litre and diesel by 15 paise, pushing rates to a new high across the country. Petrol in Delhi now costs Rs 101.54 a litre and diesel Rs 89.87 per litre, according to a price notification of state-owned fuel retailers. The increase comes after rates stayed mute for three days. Petrol price was last hiked on July 12, on a day when diesel rates had seen its first reduction in almost three months. The increase on Thursday neutralised the 16 paise price cut in diesel on July 12.

Dhull, 5 others test COVID positive, miss U19-WC game

Dhull, 5 others test COVID positive, miss U19-WC game

Rediff.com19 Jan 2022

India Under-19 skipper Yash Dhull, his deputy Sheikh Rasheed and four of their teammates tested positive for COVID-19, forcing them out of the Group B World Cup game against Ireland, in Tarouba, Trinidad, on Wednesday.

Petrol price hiked for 14th time in a month, crosses Rs 100 in Thane

Petrol price hiked for 14th time in a month, crosses Rs 100 in Thane

Rediff.com27 May 2021

Petrol price on Thursday crossed the Rs 100-a-litre mark in Thane district of Maharashtra, while it was hovering a tad below that level in Mumbai, after fuel prices were raised again.

Pak terrorists captured in Uri, another killed during infiltration bid

Pak terrorists captured in Uri, another killed during infiltration bid

Rediff.com28 Sep 2021

'The surrendered terrorist in custody identified himself as Ali Babar Patra of Pakistan's Punjab. He has admitted he is a member of the LeT'

Bandhan Bank gets empanelled as agency bank of RBI

Bandhan Bank gets empanelled as agency bank of RBI

Rediff.com1 Nov 2021

Bandhan Bank said on Monday that it has been empanelled by the Reserve Bank of India (RBI) to act as an agency bank to facilitate transactions related to government businesses. The RBI's decision will help Bandhan Bank in contributing to nation-building, its MD and CEO Chandra Sekhar Ghosh said. The announcement comes months after a RBI guideline that authorised scheduled private sector banks as agency banks of the regulator for the conduct of government business.

U19 WC: Virus-hit India pray for availability of players

U19 WC: Virus-hit India pray for availability of players

Rediff.com21 Jan 2022

Siddarth Yadav is the only player who has a confirmed positive RT-PCR report while Dhull, Rasheed, and Aaradhya Yadav tested positive in Rapid Antigen Tests.

After fresh hike petrol costliest in Parbhani, diesel costliest in Chittoor

After fresh hike petrol costliest in Parbhani, diesel costliest in Chittoor

Rediff.com6 Apr 2022

Petrol and diesel prices were hiked by 80 paise a litre each on Wednesday, taking the total increase in rates in 16 days to Rs 10 per litre.

Petrol is selling over Rs 100/litre mark in at least 6 states

Petrol is selling over Rs 100/litre mark in at least 6 states

Rediff.com4 Jun 2021

After Rajasthan, Madhya Pradesh and Maharashtra, petrol price has crossed the Rs 100-per-litre mark in Leh, in almost all districts of Andhra Pradesh and parts of Telangana after fuel prices were again hiked on Friday. Petrol price was increased by 27 paise per litre and diesel by 28 paise a litre, according to a price notification of state-owned fuel retailers. The hike - 18th in the last one month - took fuel prices across the country to a historic high. In Delhi, petrol hit an all-time high of Rs 94.76 a litre, while diesel is now priced at Rs 85.66 per litre.

'Main Shah Rukh Khan Nahi Hoon'

'Main Shah Rukh Khan Nahi Hoon'

Rediff.com2 Feb 2023

'The mohabbat Shah Rukh Khan gives out on screen is very important in today's times.'

After Rajasthan, petrol crosses Rs 100-mark in Madhya Pradesh

After Rajasthan, petrol crosses Rs 100-mark in Madhya Pradesh

Rediff.com18 Feb 2021

After Rajasthan, petrol price on Thursday crossed the Rs 100 per litre mark in Madhya Pradesh after fuel rates were increased for the tenth day in a row. Petrol price was hiked by 34 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. While branded or additive-laced petrol, which attracts higher taxes, had crossed the Rs 100-mark in some places in states like Maharashtra, Madhya Pradesh and Rajasthan, regular petrol crossed the physiological mark in Sriganganagar town of Rajasthan on Wednesday, and on Thursday it went past that mark in Madhya Pradesh. In Anuppur of Madhya Pradesh, petrol is priced at Rs 100.25 per litre and diesel at Rs 90.35. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.

Economic growth may have slowed to 3.5% in Q4 FY22

Economic growth may have slowed to 3.5% in Q4 FY22

Rediff.com23 May 2022

The economic growth may have slowed to 3.5 per cent in fourth quarter of 2021-22 from 5.4 per cent in the previous three-month period due to the impact of higher commodity prices on margins, decline in wheat yields and on higher base, Icra Ratings said on Monday. The agency said the hiccups in the recovery of the contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth in the quarter. Even the gross value added (GVA) at basic prices (at constant 2011-12 prices) in Q4 FY2022 seems to have eased to 2.7 per cent from 4.7 per cent in Q3 FY2022, it said.

Petrol price anomaly can be addressed under GST: Sitharaman

Petrol price anomaly can be addressed under GST: Sitharaman

Rediff.com20 Feb 2021

Amid an outcry over record high petrol and diesel prices, Union Finance Minister Nirmala Sitharaman on Saturday said the Centre and state governments will have to together work out a mechanism to bring retail rates to reasonable levels.

Petrol, diesel prices depend on govt, not crude rate!

Petrol, diesel prices depend on govt, not crude rate!

Rediff.com7 May 2020

'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.