Vat Cut News

Industry

Rajasthan cuts VAT on petrol, diesel by 4 percentage points

The reduction in VAT on petrol and diesel will cost the state exchequer 2,000 crore and will provide the people a relief of 2.5 per litre of petrol and diesel

1 min read9 Sep 2018
Politics

Will decide on bringing petrol under GST after weighing revenue impact: MP minister

Madhya Pradesh finance minister Jayant Malaiya says discussions are going on about bringing petroleum products under the GST purview

1 min read21 Nov 2017
Industry

Chandigarh cuts VAT on petrol, diesel by 5%

Chandigarh announced that VAT on diesel will be reduced from 16.40% to 11.40% and on petrol from 24.74% to 19.74% from Thursday

1 min read18 Oct 2017
Industry

VAT cut on petrol by states raises hope of inclusion of fuel under GST

Gujarat, Maharashtra, Himachal Pradesh cut VAT of petrol and diesel, put pressure on other states to follow suit

2 min read10 Oct 2017

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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