The Delhi Government has reduced the Value Added Tax (VAT) on Petrol to 19.40% from 30%. The new rates will be applicable come into effect from 1st December 2021. With this price reduction, petrol price
The Central Government in Lok Sabha stated that the GST Council did not discuss any proposal to bring Petrol, LPG and Diesel under the GST Regime. Minister Pankaj Choudhary said that the inclusion of petrol
The SUV and EV markets are booming in India, with most automakers now offering electric and SUV models to meet customer demand. With so many options available, deciding which best suits your needs and budget
In a significant move to reduce the petrol price in state, Goa Government has reduced the Value Added Tax (VAT) on petrol from 9% to 7%. The Government decision came in the wake of recent
The Tamil Nadu Government notified the reduction in Value Added Tax (VAT) on Petrol and Diesel. The finance minister, Palanivel Thiaga Rajan said “Tamil Nadu Government has announced that tax on petrol will be reduced
The Kerala High Court has sought the GST Council's Response on the exclusion of Petrol & Diesel from Goods and Service Tax (GST). Advocate Arun Varghese on behalf of the petitioner, Kerala Pradesh Gandhi Darshanvedhi
Rajasthan Chief Minister Ashok Gehlot on Friday announced that his government has reduced the Value-Added Tax (VAT) by 2 percent both on petrol and diesel. Gehlot also urged the Central government for a reduction in
The Ministry of Heavy Industries is actively considering requests for a reduction in the Goods and Services Tax ( GST ) on Flexible Fuel Vehicles ( FFVs ) from the existing 28 percent, according to
The debate surrounding the inclusion of petrol and diesel under the Goods and Services Tax (GST) continues to grip the nation. As of now, these fuels remain outside the GST ambit, with different states applying
Saudi Arabia is all set to implement Value Added Tax (VAT) from 1st January 2018 onwards. Reportedly, the Government of Saudi Arabia has planned to introduce a uniform VAT rate of 5 percent on all
The Central Board of Indirect Taxes and Customs (CBIC) notified the Procedures for a refund of excise duty on the purchase of petrol or diesel or fuel oil by Diplomatic Missions and their officers for
The Former Chief Economic Advisor Arvind Subramanian has hinted that petrol, diesel products cannot be brought under the ambit of the Goods and Services Tax ( GST ) until the revenue stabilizes. "You know it
The Central Board of Indirect Taxes and Customs ( CBIC ) has prescribed a mechanism for the implementation of additional basic excise duty @Rs. 2 per litre levied on the sale of unblended motor spirit
The Modi Government Union Budget of 2018 took a different approach for excise duty on petroleum products. During the Budget day, the Finance Minister Arun Jaitley has cut the excise duty on petroleum products and
The Kerala Finance Minister K N Balagopalin his Kerala Budget 2023 proposed to increase the Social Security Cess on the sale of Petrol and Diesel at the rate of Rs. 2 per litre. This is
