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Value Added Tax (VAT)

Punjab Cabinet Decides To Exempt 1.50 Lakh Tax Assessment Cases

Dec 01, 2021 Outlook Web Desk

In a relief for traders, the Punjab Cabinet on Wednesday decided to exempt about 1.50 lakh cases from tax assessment for the period 2014-15 till 2017-18, a move that will cost Rs 200 crore to the state exchequer.

Can Centre Force Non- BJP States To Reduce Taxes On Petrol And Diesel?

Nov 09, 2021 Outlook Business Team

After the centre's announcement to reduce excise duty on petrol and diesel, all the BJP-ruled states have also announced cuts on VAT and other taxes on petroleum products, excluding Punjab and Odisha.


Explained: Why Are Petrol And Diesel Rates In Rajasthan Highest In Country?

The petrol pump dealers in Rajasthan have supported the opposition’s demand and are also asking the state government to lower the VAT at par with other neighbouring states.

VAT Reduction: Why Are Some States Protesting Against The Fuel Price Cuts?

Nov 08, 2021 Preetha Nair

Many BJP-ruled states such as Gujarat, Uttar Pradesh, Karnataka, Tripura, Goa, Uttarakhand, Manipur, Assam, Bihar and Haryana have slashed VAT on fuel after the Centre cut petrol and diesel prices by Rs 5 and Rs 10 respectively.


Punjab Cabinet Meeting: Petrol, Diesel Prices Likely To Be Discussed

After Centre’s cut in excise duty and further reduction in VAT by the Chandigarh administration and Haryana government, fuel prices have dropped drastically in Chandigarh and Panchkula.

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04 November, 2021

After Centre, Nine BJP-Ruled States Slash Petrol, Diesel Prices With Additional Cuts

Outlook Web Desk

Since states charge local sales tax or VAT not just on the base price but also on the excise duty levied by the centre, the total incidence of price reduction is higher.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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