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Tag: Vat

Pradhan urges Odisha CM to reduce VAT on petrol, diesel

Jharsuguda: Amidst outrage across the country over rising fuel prices, Union Petroleum Minister, Dharmendra Pradhan today urged Odisha Chief Minister, Naveen Patnaik to reduce VAT on petrol & diesel like other state governments. “The central government had already deducted excise duty on petrol and diesel a few months ago. Many states have started reducing the […]

Rajasthan slashes VAT on petrol, diesel by 4%

Jaipur: Rajasthan Chief Minister Vasundhara Raje on Sunday announced that the state will reduce Value Added Tax (VAT) on diesel and petrol prices by four per cent. She said that while VAT on petrol was 30 per cent, it was 22 per cent on diesel, she said. With the reduction, petrol and diesel prices will […]

BJD launches 3-day statewide protest against fuel price rise

Bhubaneswar: Activists of the Biju Janata Dal (BJD) today took to streets here as part of the party’s three-day statewide protest against skyrocketing of fuel prices across the country. Holding banners and shouting anti-Government slogans, hundreds of party activists, including women staged a demonstration followed by a protest meeting at Raj Bhawan Square here. Members […]

VAT war on petrol: Pradhan bats for lower tax, BJD & Cong take protest route

Bhubaneswar: Instead of blaming the Centre, the Odisha government should cut its 26% value added tax (VAT) on fuel to bring the rising petrol and diesel prices under control, said Union Minister Dharmendra Pradhan here today. Addressing media persons at a presser, Pradhan said, “Both the Centre and the State have roles in controlling fuel […]

BJD stages demonstration protesting rise in fuel prices

Bhubaneswar: Protesting rise in fuel prices, activists of the BJD youth and students’ wing staged demonstration near Master Canteen square here on Thursday. The BJD activists today carried out a rally on bullock carts and staged protests at the Master Canteen square demanding immediate cut in fuel prices. The ruling party alleged that fuel prices […]

UAE, Saudi Arabia introduce VAT

Riyadh: Saudi Arabia and the United Arab Emirates (UAE) introduced the Value Added Tax (VAT) for the first time from Monday. It is a five per cent tax on most goods and services to boost revenue. The VAT will be applied on food, clothes, electronics and gasoline, phone, water and electricity bills, as well as […]

Odisha says no VAT cut on petrol, diesel till backup plan by Centre 

Bhubaneswar: After rejecting the Centre’s plea to cut VAT on petrol and diesel by 5 per cent last week, the Odisha government on Tuesday said that it can only reconsider its decision if it is assured of an alternative source of income by the Central government. “For Odisha government it is not possible to reduce […]

Charging extra tax on discount items illegal: Consumer forum

Chandigarh:The District Consumer Disputes Redressal Forum in Chandigarh has once again ruled that shops cannot charge extra value added tax (VAT) on items sold on discounted price, saying that by doing so they are “indulging in unfair trade practice”. Penalising Benetton India Private Ltd, the forum, presided by Rajan Dewan, observed: “The act of Benetton […]

Indian Oil pays Rs 2,935 cr VAT to Odisha government

Bhubaneswar: Indian Oil has paid Rs 2,935 crore to the Odisha government towards value added tax (VAT) for Paradip Refinery, said a statement on Tuesday. The oil company has paid the tax for the period between November 2015 — when the refinery commenced commercial operations — and July 2017. The development was a follow up […]

Goa government hikes VAT on petrol by two per cent

Panaji: The Goa government has hiked VAT on petrol by two per cent taking the price of the fuel to Rs 63.43 per litre, a spokesperson said on Saturday. The Value Added Tax (VAT) on petrol has been hiked from the existing 15 per cent to 17 per cent. “Even after such increase, petrol would still […]

Odisha Assembly
Odisha Assembly to hold special session from today to ratify GST, VAT

Bhubaneswar: The Odisha government has called for a two-day special session of Legislative Assembly starting today to deliberate on the GST and VAT (amendment) bill in the House. Prior to it, a workshop on GST was organised by the Finance Department on Wednesday for legislators. The law makers were imparted training by the experts and […]

GST, a major comprehensive financial reform: CM

Bhubaneswar: A special session of Odisha Legislative Assembly will meet tomorrow to discuss the State Goods and Services Tax (SGST) bill, a mandatory requisite that needs to be followed before the proposed nationwide implementation of uniform GST. The special session will be held on May 18 and 19, official sources said on Wednesday. Ahead of […]

Odisha approves GST Bill; 6 goods exempted

Bhubaneswar: The Odisha government today approved the GST (Goods and Services Tax) Bill after the cabinet gave its nod for implementation in state across all goods except six. Among the 6 goods which have been kept out of the ambit of the State GST, 5 are petroleum products and the sixth one is alcohol. The […]

GST: First Cabinet meeting after ministry reshuffle today

Bhubaneswar: After the recent ministry reshuffle, the State Cabinet will meet for the first time today to discuss the implementation of Goods and Service Tax (GST) and Odisha Value Added Tax (Amendment) Bill. Besides, some proposals of Agriculture and Technical Education departments are likely to be tabled in the Cabinet. The meeting will be chaired […]

Odisha seals 1167 liquor outlets, likely to lose Rs 1200 crore

Bhubaneswar: Odisha is likely to incur a loss of revenue to the tune of Rs 1200 crore per annum as 1167 liquor shops in the state closed down following the Supreme order banning liquor sale along highways. The 1167 liquor shops closed down from midnight of March 31 included 456 off shops, 205 restaurant on […]

Odisha govt to issue notice to IOCL for payment of dues

Bhubaneswar: Indian Oil Corporation Limited(IOCL) owes Rs 1,485 crore through Value Added Tax (VAT) to Odisha government and a notice would soon be issued to the company for payment, the state Assembly was informed on Monday. “IOCL’s refinery at Paradip, which started commercial production from November 22, 2015, is yet to pay Rs 1,485 crore […]

Fiscal deficit of Odisha well within limits: Chief Secy

Bhubaneswar: Chief  Secretary Aditya Padhi today said the fiscal deficit of Odisha is well within the limits. “The fiscal deficit is well within the permissible limit of 3.5 percent of GSDP. The present level of fiscal deficit is around 2 percent of Gross State Domestic Product (GSDP). The debt and GSDP ratio of the State […]

Odisha extends VAT relaxation on pulses till March 31

Bhubaneswar: The Odisha cabinet in a meeting chaired by Chief Minister Naveen Patnaik on Saturday extended the value added tax (VAT) concession on pulses and dals for another three months till March 31. “The cabinet has decided to extend the time limit for reduced VAT on pulses for a further period of three months,” said […]

Six proposals get Cabinet nod; LI projects to be named after Parbati Giri

Bhubaneswar: The State Cabinet meeting presided over by chief minister Naveen Patnaik at the State Secretariat here today approved six proposals. Talking to media persons after the meeting, chief secretary Aditya Prasad Padhi said the Cabinet decided to name all Lift Irrigation (LI) projects after eminent female freedom fighter Parbati Giri, nicknamed as Mother Teresa […]

Odisha cabinet clears 19 proposals

Bhubaneswar: The Odisha cabinet approved as many as 19 proposals at a meeting held on Thursday evening. The cabinet meeting which was chaired by Chief Minister Naveen Patnaik approved the Food and Procurement Policy for Kharif Marketing Season 2016-17. In the policy, the state government has set a tentative target of collecting 30 lakh metric […]

Pulse prices set to come down from today

Bhubaneswar: After reduction of Value Added Tax (VAT) on pulses from 5% to 1%, the prices of pulses are likely to come down by Rs 4 or 5 per kg from Friday, the Federation of All Odisha Traders Association (FAOTA) informed media persons on Thursday. “Consumers will get pulses at Rs 4 to 5 less […]

Pulse prices to come down from tomorrow

Bhubaneswar: After reduction of Value Added Tax (VAT) on pulses from 5% to 1%, the price of pulses is likely to come down by Rs 4 or 5 per kg from tomorrow, the Federation of All Odisha Traders Association (FAOTA) informed media persons here today.. “Consumers will get pulses at Rs 4 to 5 less […]

Pulses (2)
Cabinet nod to 4% VAT cut on pulses from July 1

Bhubaneswar: In a major relief to customers groaning under the skyrocketing prices of pulses, the Odisha Cabinet on Tuesday approved a proposal to reduce Value Added Tax (VAT) on pulses from the existing 5% to 1%. To be effective from July 1, The VAT reduction, however, will be effective for a period of three months […]

BJD protests fuel price hike, BJP & Cong demand VAT reduction

Bhubaneswar: The ruling BJD in Odisha today staged demonstrations in all the districts to protest against fuel price hike on June 15 by the Centre. The BJP, on the other hand, attacked the state government for imposing high tax on petrol and diesel leading to price rise of essential commodities. Congress, meanwhile, held both the […]

Pulse traders threaten stir from June 1

Bhubaneswar: The Federation of All Odisha Traders’ Association (FAOTA) on Friday said it would intensify its agitation from June 1 if the State Government doesn’t withdraw valued added tax (VAT), fee and local taxes on pulses and take them out from the ambit of sensitive commodities category by then. Addressing a Press Conference here, FAOTA […]