Will flight fares come down as Jet fuel price slashed by 11.7%?

Last Updated: Tuesday, September 1, 2015, 12:55

Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 5,469.12 per kilolitre (kl), or 11.7 percent, to Rs 40,938.24 per kl, oil companies announced on Tuesday.

Punjab, Haryana hike VAT on diesel

Last Updated: Thursday, July 16, 2015, 18:15

Punjab and Haryana raised Value Added Tax (VAT) on diesel, negating the full benefit of Rs 2 per litre cut on fuel to consumers.

Delhi Assembly passes amendment to VAT Act

Last Updated: Tuesday, June 30, 2015, 20:30

The Value Added Tax (Amendment) Bill was passed by the Delhi Assembly on Tuesday.

Amendment to Value Added Tax Act passed

Last Updated: Tuesday, March 24, 2015, 19:58

In a major relief to city's traders, Delhi government on Tuesday passed an amendment to the Value Added Tax (VAT) Act which will allow them to carry forward their credit for successive financial years.

Domestic carriers' financial health a concern: Govt

Last Updated: Tuesday, March 17, 2015, 18:18

The government Tuesday expressed concern over the financial health of domestic airlines but ruled out plans of extending financial package to budget carriers.

Govt asks states to slash VAT on jet fuel to 4%

Last Updated: Tuesday, September 10, 2013, 15:24

Currently, VAT on jet fuel ranges from 4 to 30 percent.

Entry tax on various goods hiked to 5% at par with VAT

Last Updated: Tuesday, November 27, 2012, 16:00

The Bihar government hiked entry tax on coal, among various goods, to five percent to bring it at par with the existing VAT rate in the state, an official said.

VAT on kerosene reduced, tobacco products to be costlier

Last Updated: Tuesday, October 2, 2012, 14:57

The decisions were taken at the cabinet meeting, chaired by Chief Minister Arjun Munda, on Monday.

UP hikes VAT by 0.5%; mobiles, ACs to be costlier

Last Updated: Wednesday, September 5, 2012, 13:23

The Uttar Pradesh government has hiked the value added tax (VAT) by 0.5 percent, a move which will make ACs, refrigerators and other such goods costlier.

Petrol, diesel prices to go up in Punjab on hike in VAT rate

Last Updated: Wednesday, August 29, 2012, 21:50

Petrol and diesel prices are set to get costlier in Punjab, following the state government's decision to hike value added tax (VAT) by 0.5 percent, dealers said on Wednesday.

Withdraw VAT on sugar: Cong MLA

Last Updated: Sunday, August 5, 2012, 20:18

Randhawa said that by imposing VAT on sugar, the Punjab government is contributing to the inflation and later blaming others for high inflation.

Ajit Singh asks FM to revert to earlier service tax rates

Last Updated: Wednesday, June 6, 2012, 17:02

Noting that jet fuel prices in India were significantly higher than in most parts of the world due to high tax rates, he has also strongly advocated a slew of measures to make aviation turbine fuel (ATF) cheaper, including bringing it under the 'Declared Goods' category to attract a uniform lower rate of Value Added Tax (VAT).