Tag: Value Added Tax

Punjab govt scrapes 40,000 pending VAT cases

In a relief to trade and industry in the state ahead of Assembly polls early next year, the Punjab government has scrapped about 40,000 pending cases of Value Added Tax (VAT).

December 21, 2021

COVID-19 induced economic loss forces Saudi Arabia to triple VAT

Riyadh could lose half of its oil income, which contributes about 70 percent of public revenues, as oil prices have fallen two-thirds since the start of the year.

May 11, 2020

Petrol, diesel to be cheaper in Maharashtra as VAT reduced

Petrol and diesel products will become cheaper in Maharashtra from midnight on Tuesday due to four per cent reduction in Value Added Tax (VAT), an official said here. The net reduction in petrol and diesel prices will be around Rs 2.33 per litre and Rs 1.25 per litre respectively, though the various cess levied by …

Continue reading "Petrol, diesel to be cheaper in Maharashtra as VAT reduced"

October 10, 2017

Odisha passes state GST Bill

The Odisha Goods and Services Tax Bill-2017 was passed in the special session of the state assembly on Friday. The bill was unanimously passed by a voice vote even though the opposition demanded it be sent it to the select committee for further deliberation. The assembly also passed the Odisha Value Added Tax (Amendment) Bill, …

Continue reading "Odisha passes state GST Bill"

May 19, 2017

Haryana exempts solar devices from VAT

To encourage entrepreneurs to set up ventures for manufacturing solar devices and equipment in the state, the Haryana government today exempted solar devices and equipment or parts used in installation of solar power projects, from the levy of Value Added Tax (VAT) in the state. A decision to this effect was taken by the Haryana …

Continue reading "Haryana exempts solar devices from VAT"

April 18, 2017