News for 'VAT'

What VAT needs

Shinde govt cuts VAT on fuel, reverses many MVA decisions

The Maharashtra government has decided to reduce the value added tax (VAT) on petrol and diesel by Rs 5 and Rs 3 per litre respectively, Chief Minister Eknath Shinde said in Mumbai on Thursday.

VAT will lower prices

Implementation of value-added tax will bring down retail prices and may add Rs 75,000 crore (Rs 750 billion) per annum to government revenue, according to industry body Assocham.

Worries over VAT

State VAT: Some imperatives

BJP States Go All Out With Populist Schemes

Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.

Maharastra reduces VAT on diesel, kerosene

In a bid to minimise the impact of recent fuel price hike on consumers, the Maharashtra government on Wednesday reduced Value Added Tax (VAT) on diesel and kerosene by two per cent.

What is VAT? And why VAT

Delhi withdraws 5% VAT on CNG

Delhi government has also decide to cut VAT on the hiked component of petrol.

Delhi excise scam: ED to probe its own officials

The Enforcement Directorate (ED) is expected to press money laundering charges against its two officers and some private individuals who were recently booked by the CBI in a bribery case linked to an accused arrested in the alleged Delhi liquor policy scam, official sources said Tuesday.

VAT to favour FMCG sector

With 21 states having implemented value-added tax and eight states still to adopt it, the impact of the new tax regime is seen largely positive for sectors like FMCG, paper and pharmaceuticals.

Vat 69 to Coke: What Bollywood drinks in the movies

'In the early years of this century, barely 10 years after liberalisation, drinking Coke was still cool,' notes Uttaran Das Gupta.

Optimism in stock of Mahanagar Gas appears fully priced in

Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area. The distributor raised prices by Rs 1.50 per kilogramme (kg) for CNG, bringing the price up to Rs 75 per kg, including taxes. Domestic PNG prices were hiked from Rs 1 per standard cubic meter (SCM) to Rs 48 per SCM, inclusive of taxes.

Why did IndiGo share price fall 5% post Q1 2024-25 results?

IndiGo share price today: IndiGo share price fell as much as 4.8 per cent to a low of Rs 4,275 per share on the BSE in Monday's intraday trade as investors booked profit in the stock post a its April-June quarter (Q1) results for financial year 2024-25 (FY25). The stock ended 1.36 per cent lower at Rs 4,430 as against a 23-points gain in the benchmark BSE Sensex. The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent July-September (Q2FY25) performance.

Traders moot central VAT

VAT not to be deferred

The empowered committee of state finance ministers on Monday said the Value-added Tax will be implemented from April 1, 2005, even if Uttar Pradesh does not fall in line.

Forget about a unified VAT

Centre to compensate states: VAT

With 17 states ready with Value-Added Tax bills, Finance Minister P Chidambaram on Thursday promised to fully compensate states in the first year of introduction of VAT scheduled in April, 2005.

Why not try the VAT model with farm laws?

If eight states could join the VAT system much after the rollout date and after seeing how it works, why can't the same apply to states opposed to the farm laws, asks A K Bhattacharya.

VAT to raise drug prices

Sanjay Dutt Prays In Gaya

Sanjay Dutt performed the 'pind daan' at the Vishnupad temple in Gaya, Bihar, on Thursday.

VAT deadline could extend to July

Now, VAT-ready accounting software

Financial accounting software company Tally Solutions on Thursday launched its VAT-compliant business accounting software 'Tally 7.2', aimed specifically at the small and medium segment for changeover to the new tax regime that begins from April1.

Car spares suffer in non-VAT states

VAT refunds speeded up: Dasgupta

States agree on uniform VAT

Twenty one states which have switched over to Value-Added Tax on Tuesday agreed to adopt uniform rates for industrial input, capital goods and essential commodities like medicines, salt, bread and PDS items.

VAT implementation: Meet on July 9

The empowered committee on value added tax will meet on Saturday to take up the issues arising after three months of implementation of the new tax system by 21 states, including compensation formula for any losses incurred by states due to VAT.

VAT: Traders to gherao Parliament

A day after empowered committee of state finance ministers expressed its determination to implement VAT from April1, traders on Tuesday said they will "gherao" Parliament on Wednesday in protest against the new "inflationary" tax system.

How VAT can be a success

VAT drives business out of Delhi

FM puts weight behind VAT

What is brewing on VAT?

Traders plan stir against VAT

VAT chain gaps worry firms

Plan panel finds VAT 'faulty'

Coinciding with the 3-day traders stir against the implementation of value added tax, the Mid-term Appraisal of the 10th plan has pointed to "serious design flaws" in the tax even as Planning Commission Deputy Chairman Montek Singh

4% VAT on used cars, pizzas

Mobile traders protest against VAT hike

Around twenty-five thousand retail mobile traders from across Maharashtra downed their shutters today in protest against the imposition of higher VAT at 12.5 per cent on sales of mobile handsets.

Does VAT lead to inflation?

VAT: States reject govt's plan

The states have been dismissive of the Centre's suggestion to cut taxes and advance the date of implementation of value added tax regime for medicines

Centre for VAT by April 2004