News for '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

Does VAT lead to inflation?

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.

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

Early introduction of VAT mooted

The Twelfth Finance Commission chairman C Rangarajan said on Tuesday that he was in favour of an early implementation of the value added tax regime.

Plan panel for early VAT implementation

The Planning Commission has favoured the early introduction of nationwide value-added tax regime to augment revenues of the states and further restructuring of their costly debt to reduce their interest burden.

Karnataka first to implement VAT

Still more worries over VAT

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.

States agree on nationwide VAT implementation

In an apparent climb-down from its earlier stance, the Empowered Committee on value-added tax on Monday gave in to the Centre's plan for a nationwide VAT implementation.

'VAT will curb tax evasion, increase revenue'

No hike in VAT rates in states

An official panel on Tuesday ruled out any increase in value added tax (VAT) rates as part of a package to compensate states on account of revenue loss due to a one per cent cut in Central Sales Tax that was to have happened in the beginning of this fiscal.

Bring sugar & textiles under VAT: Assocham

One of India's leading industry bodies - the Associated Chambers of Commerce and Industry - on Friday urged the government to bring sugar, textiles and tobacco products under value added tax.

UP mulls simplifying VAT

Acceding to the long-pending demands of traders in Uttar Pradesh, the state government is planning to simplify the present structure of value-added tax. The state government also announced exempting handmade carpets (silk and wool) from VAT. "We will also close about 50 check-posts in the state in phases in order to safeguard the traders' interest. Unclassified items will also be categorised," he added.

VAT may be deferred by 8 months

Tax revenue up 27% in VAT states

The government on Monday said the tax revenue of VAT implementing states has shown an increase of 27.1 per cent during the first quarter of this fiscal year-on-year.

Delhi: No VAT on life-saving drugs

Delhi government on Wednesday exempted life-saving medicines from taxation under the value added tax regime and decided to approach the Empowered Committee of State Finance Ministers for reduction in sales tax on diesel.

Jharkhand to adopt VAT in Jan

The resistance to VAT in Uttar Pradesh has been declining after the tax's success in 21 states.

NCAER: VAT yet to lower some prices

VAT may add 25% to state revenues

VAT on drugs to be fine tuned

Textiles under VAT from Apr '06

All textile items, currently exempted from value added tax, will attract 4 per cent VAT from the next fiscal, the empowered committee said on Thursday.

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.

CSD canteens may come under VAT!

FM initiates process for VAT launch

Sanjay Dutt Prays In Gaya

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

AP swallows VAT pill, MP refuses

50 items to attract 4% VAT

The panel on value added tax has decided that items which have at least 50 per cent industrial use will attract 4 per cent tax rate for that particular use.

'Bring all state levies under VAT'

Petrol to cost more in Maharashtra; VAT hiked by Rs 1.50/litre

The state has not touched diesel prices, fearing losing revenue to neighbouring states

The virtue of VAT

VAT: Nationwide strike today

Trade body Bharatiya Udyog Vyapar Mandal gave a call for a nationwide strike on Friday against the VAT system, implemented by 21 states from this month.

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.

VAT won't lead to price hike: Shome

The centre on Tuesday sought to allay fears that VAT will be inflationary and expressed confidence that the new tax system will be introduced by all the states from April 1.

Uniform VAT rates sought

VAT may be put off till 2005