Raipur, July 8 (IANS) In a significant boost to ease of doing business and tax reforms, the Chhattisgarh Cabinet, chaired by Chief Minister Vishnu Dev Sai, has approved key amendments in GST and VAT laws along with several industry-friendly measures. The cabinet meeting on Tuesday took 11 major decisions aimed at benefiting taxpayers, investors, industries, and common citizens.The Cabinet gave its nod to the Chhattisgarh Goods and Services Tax (Amendment) Bill 2026 to simplify the GST law and ma…
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New Delhi, July 6 (IANS) The abolition of the customs duty-free exemption for low-value imported goods from China to the EU imposes a flat 3 euro duty per declaration line. The measure concerns purchases from countries such as China, aiming to rationalise imports and enhance transparency, according to an article in the Greek City Times.The AADE (Independent Authority for Public Revenue) has announced that the customs duty-free exemption for low-value imported goods up to 150 euros is being aboli…
New Delhi, July 1 (IANS) India’s largest private fuel retailer, Nayara Energy, on Wednesday reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide retail network, which is the first cut in retail fuel prices since global crude oil prices began easing following the de-escalation of tensions in West Asia.However, actual retail prices will vary across states depending on local taxes, including value-added tax (VAT).The revised rates have come into effect a…
Nagpur, May 28 (IANS) Maharashtra Congress Legislative Party Leader Vijay Wadettiwar on Thursday launched a scathing attack on the BJP government, accusing it of using ‘religious polarisation, event-mongering, and emotional tactics’ to mask its failures, even as the public reels under inflation, unemployment, fuel price hikes, and economic instability. Slamming the government over the escalating fuel shortage and skyrocketing prices, Wadettiwar stated, “Diesel is now being rationed and distribut…
Sangli, May 28 (IANS) In light of the prevailing economic hardships, senior leader of the Nationalist Congress Party (SP) and former State Finance Minister, Jayant Patil, on Thursday urged the Maharashtra government to prioritise public interest by immediately waiving the Value Added Tax (VAT) and surcharges on petrol and diesel. Patil made this demand through an official letter addressed to Chief Minister Devendra Fadnavis.Expressing deep concern over the situation, Patil stated that the contin…
New Delhi, May 27 (IANS) Air India has reduced the number of flights on some domestic routes between June and August as the loss-making airline struggles to cut costs amid soaring fuel prices triggered by the Middle East conflict, a statement said on Wednesday.The Tata Group-owned airline said in the statement that the move follows its earlier decision to scale back certain international services.”In continuation of our previously announced adjustments to select international services between Ju…
Chandigarh, May 25 (IANS) Punjab Bharatiya Janata Party (BJP) spokesperson Pritpal Singh Baliawal on Monday slammed the state government for what he termed its “double standards” on fuel prices, stating that while the government “continues to blame the Centre over rising fuel costs, it is itself imposing heavy taxes and earning substantial revenue from petrol and diesel sales”. He said the government is currently levying a 16.58 per cent value-added tax (VAT), along with an additional 10…
Rohtak, May 25 (IANS) Former Haryana Chief Minister Bhupinder Hooda on Monday stated that the state is in turmoil due to inflation and an acute shortage of electricity and water. He said the Bharatiya Janata Party (BJP) government had hiked petrol prices by Rs 7.50 in just 10 days, even as crude oil prices in the international market continued to decline.“This situation prevails because the BJP government is levying taxes at double the rate compared to the Congress regime. The value-added tax …
Bengaluru, May 25 (IANS) The BJP on Monday alleged that the Karnataka government was earning an additional Rs 6,000 crore annually through the hike in petrol taxes while blaming the Centre over rising fuel costs.Addressing a press conference in Bengaluru, Leader of Opposition in the Karnataka Assembly, R. Ashoka, alleged that the state government had increased VAT on petrol and was misleading the public by targeting the Union government instead of reducing state taxes.He claimed that petrol pric…
New Delhi, May 20 (IANS) Rajya Sabha MP Sasmit Patra met Finance Minister Nirmala Sitharaman on Wednesday and submitted a detailed representation urging the initiation of structured national deliberations on the inclusion of petrol and diesel under the Goods and Services Tax (GST) framework. In his representation, Patra emphasised that the constitutional framework under Article 279A(5) already envisages the eventual inclusion of petroleum products within GST through the recommendation of the GST…