Vat News
In chart: The tax break-up for a litre of petrol
The government will not cut the excise duty on petrol and diesel to cushion the prices as it has little fiscal wiggle room to take any hit on revenue
1 min read4 Sep 20181,800 businesses apply for migration to GST regime
Over 1.15 crore businesses are registered for GST, of which 63.76 lakh have migrated from the service tax and VAT regime, and over 51 lakh are new registrants.
1 min read3 Sep 2018VOOT ramps up original content, launches international distribution
The platform is out with its second set originals titled VOOT Originals which include 18 multilingual web series cutting across genres
2 min read31 Aug 2018No pure GST on petrol, diesel; 28% GST rate plus VAT on anvil
Highest GST rate of 28%, plus states levying VAT, on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the indirect tax regime
4 min read20 Jun 2018Real estate, hotel companies line up to tap equity markets
Real estate companies Lodha Developers, Shriram Properties, Puranik Builders and Oberoi Developers and hotel companies K Raheja Group, Bharat Hotels and Vatika Hotels are planning to tap the markets through QIPs or IPOs in 2018
2 min read20 Jun 2018Cuts in fuel prices can push India into debt trap: Arun Jaitley
Union minister’s statement effectively rules out tax cuts on petrol prices by govt
1 min read18 Jun 2018Govt can reduce petrol price up to Rs25 but won’t do: Chidambaram
Congress leader P. Chidambaram says the bonanza to central government is Rs25 on every litre of petrol and this money rightfully belongs to the average consumer
2 min read23 May 2018In an election year, investors should stay away from Indian Oil, BPCL, HPCL
Currently, lack of clarity on gross under-recoveries and sharing of the unmet under-recoveries remains. This uncertainty clouds investor sentiments
2 min read13 Apr 2018Govt asks Indian Oil, others not to raise petrol, diesel prices
Apart from holding on to diesel and petrol price hikes, Indian Oil, HPCL and BPCL will have to bear a loss of Rs1 per litre of fuel
1 min read11 Apr 2018Tank full of issues in bringing petrol and diesel under GST
state governments derive a lion’s share of revenues from sale of these fuels and bringing them under the GST ambit would mean a sharp decline in revenue, which then will have to be compensated.
3 min read10 Apr 2018Popular Topics
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