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Petrol cheaper by Rs. 1.26 in New Delhi
In an expectedly populist budget aimed at reclaiming Congress' support base for the Assembly elections post the ignominy of MCD polls, the Delhi government on Monday slashed sales tax on petrol by Rs 1.26, even as the consumers will have to pay an extra five percent of Value Added Tax (VAT) on Compressed Natural Gas (CNG). Petrol in the Capital will now cost Rs 71.48 as the government has decided

CM seeks PM intervention for CST loss compensation

Opposing the Centre’s decision to pay Central Sales Tax (CST) compensation to states for 2010-11 after deducting the revenue gains on account of increase in the floor rate of Value Added

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Different prices for same cigarettes?

Cigarette pricing in India can go the liquor way as ITC, the undisputed leader in the sector, may consider state-specific pricing for its popular brands. This comes after the ad valorem duty imposed

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Car makers mull options as VAT stays

The Maharashtra government, which is striving to keep pace with competition from other states to attract investments, has once again ruled out the possibility of withdrawal of rules amended last year

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Should there be a super-rich tax?

Such a tax is vital to the objective of reducing inequity but it is unlikely to yield significantly higher revenues. Medha Patkar Activist, National Alliance of People's Movements "The maximum wealth

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VAT rate hike decision disrupts Assembly business

The State Cabinet's decision to raise base rate of Value Added Tax (VAT) from four per cent to five per cent paralyzed proceedings of the state assembly on the second day of the ongoing Budget

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