Committees to look into CST compensation, GST design issues: FM

Last Updated: Thursday, November 8, 2012, 19:06

Finance Minister P Chidambaram Thursday said two committees will be constituted to sort out contentious issues that hamper implementation of the Goods and Services Tax (GST).

States want Centre to resolve CST issue before GST rollout

Last Updated: Thursday, November 8, 2012, 18:37

States want the central government to resolve the Central Sales Tax (CST) compensation issue before moving ahead with the rollout of the Goods and Service Tax (GST) regime.

ComMin to FinMin: Ask state govts to cut sales tax on ATF

Last Updated: Sunday, September 9, 2012, 11:03

The Commerce Ministry has asked its finance counterpart to urge the state governments to reduce sales tax on jet fuel to help cash-strapped airlines.

CST compensation issue under examination, says Centre

Last Updated: Wednesday, August 8, 2012, 19:27

The Centre on Wednesday said the demand of states for continuation of compensation for their revenue loss on account of reduction in central sales tax (CST) is under examination.

CST compensation issue under examination, says Centre

Last Updated: Wednesday, August 8, 2012, 19:27

The Centre on Wednesday said the demand of states for continuation of compensation for their revenue loss on account of reduction in central sales tax (CST) is under examination.

Sales Tax Dept conducts raids against 15 Mumbai builders

Last Updated: Wednesday, August 1, 2012, 14:16

The department hopes to recover over Rs 800 crore from the concerned builders

Petrol, diesel prices up in 7 states after adjustment of taxes

Last Updated: Wednesday, July 25, 2012, 16:48

Petrol and diesel prices were on Wednesday hiked in seven states like West Bengal and Maharasthra and that of domestic LPG in six states as state-owned oil firms recalibrated rates to reflect changes in local levies.

Sales tax dues: Essar Oil secures Rs 5K-crore credit from 12 banks

Last Updated: Monday, July 23, 2012, 13:46

Essar Oil Ltd Monday said it has tied up Rs 5,000 crore loan to meet most of its Rs 6,169 crore sales tax dues to the Gujarat government.

Essar Oil to pay sales tax to Guj Govt in installments: SC

Last Updated: Tuesday, July 17, 2012, 18:35

Essar Oil Ltd had approached the apex court against the order of the Gujarat High Court which had refused any relief to it for making the payment in installments.

States ask PM to address CST compensation issue by Aug 7

Last Updated: Friday, July 13, 2012, 18:10

States on Friday asked Prime Minister Manmohan Singh to resolve the CST compensation issue by August 7 so that there is no "trust deficit" before introducing GST, dubbed as a big-ticket tax reform.

Guj HC rejects Essar Oil plea, asks Govt to expedite recovery

Last Updated: Monday, June 25, 2012, 21:04

The division bench of Justice P B Majmudar and Justice Mohinder Pal rejected the petition of EOL which had sought that the company be allowed to pay the tax dues of Rs 6,414 cr in eight yearly instalments and grant it exemption from paying penalty and interest of Rs 2000 crore on it.

FM to tell CMs to consider sales tax cut on petrol

Last Updated: Monday, May 28, 2012, 18:03

Amid widespread protests, Finance Minister Pranab Mukherjee will soon write to state chief ministers to consider cut in sales tax on petrol to partly neutralise the impact of the Rs 7.54-per-litre hike in the price of the auto fuel.