This seemed to be intended to calm speculation that it may be on the brink of collapse, following media reports to this effect
The aviation ministry is talking to different states urging them to reduce VAT on aviation turbine fuel (ATF), Minister of State for Civil Aviation, Road Transport and Highways Gen V K Singh said
Expert answers readers' SME queries related to excise, VAT and exim policy
Rates differ from state to state, depending on value-added tax. Petrol and diesel prices are revised on a daily basis
Oman''s state-run news agency reported the 5 per cent tax "will be applied to most goods and services at each stage of the supply chain."
Under the VAT system, the compensation mechanism linked to the cut in central sales tax from 4% to zero had created bad blood between the union govt and the states
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.
The 'Special Corona Fee' was imposed last month on the Maximum Retail Price of liquor bottle as the government looked to earn additional revenue, hit badly due to the coronavirus lockdown
Regarding revenue realisation, there was a huge expectation that GST would lead to checking of leakage of revenue
State's debt to increase to over Rs 4.56 trillion
On the lines of the Delhi government's scheme for consumers under the VAT regime, the Centre's lottery system will aim to increase compliance
The hike is likely to earn Rs 250 to 300 crore to the state exchequer
The concept of taxable event was ratified by the SC four decades ago. Analysts should not confuse GST (VAT) with sales tax
This is the 3rd time in the last four and a half years that the state govt has slashed VAT on petrol
200 dealers were doing business 'illegally' with the help of 'Bill Banvao Inam Pao Scheme'
It amounts to a growth of 11% which is higher than the growth of only 2% in last financial year
States move to help industry as it was cheaper to buy yarn from other states