News for 'vat'

Will GST Council cut taxes on insurance premium?

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.

How VAT works

Do you understand VAT? Do you need advice on the new VAT laws and how they affect your business? Here's help.

What VAT needs

Ranji Roundup: Drama in Agartala as Mumbai escape with a draw

In Agartala, the Group A match between Mumbai and Tripura ended in a draw with the reigning champions earning three points by virtue of the first-innings lead.

Hours after joining, Cong fields Vinesh from Julana in Haryana polls

Besides Hooda, Bhan and Phogat, the Congress has fielded Mewa Singh from Ladwa to take on Chief Minister Nayab Singh Saini.

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

'You Can't Solely Rely On Electric Cars'

'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'

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.

Ranji Round-Up: Mumbai, Baroda continue to dominate

Reports from around the country in the latest round of matches in the ongoing Ranji Trophy

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.

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.

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.

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 raise drug prices

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 deadline could extend to July

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.

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

FM puts weight behind VAT

VAT drives business out of Delhi

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

Does VAT lead to inflation?