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Punjab denies suggestion of Congress high-command reducing VAT on fuel

Narinder Jagga Chandigarh: The Punjab Government has refused to accept the suggestion of Congress high command reduction of VAT on fuel in the State. Talking to Daily Post, the said that State not in a position to decrease the fuel price as it has limited resources to run the State. He also said if Centre

GST 1st Anniversary: Industrialists express blues

GST 1st Anniversary: Industrialists express blues

Jalandhar – A year ago, Goods and Services Tax (GST) was initiated by special midnight session of Parliament to rope in complex taxation system of India. Today on July 1, the government is set to celebrate first anniversary of GST, but small and medium industrialists are still longing for rectification of loopholes they are suffering

GST evasion of Rs. 2000rc unearthed in 2 months

GST evasion of Rs. 2000rc unearthed in 2 months

NEW DELHI: The GST investigation wing has detected tax evasion of over Rs 2,000 crore in two months, and data analysis reveals that only 1 per cent of over 1.11 crore registered businesses pay 80 per cent of the taxes, a senior official said on Wednesday. CBIC member John Joseph said alike small businesses who

Punjab petrol dealers begins indefinite hunger strike

Punjab petrol dealers begins indefinite hunger strike

Petrol pump owners in Punjab has started an indefinite hunger strike today to press for reduction in taxes on petrol and diesel and also said that smuggling of petroleum products was causing massive loss to them. Association has commenced the strike after a short prayer( Ardaas) to God and announced to hold a strike by

Truck Operators demand 28 percent GST on diesel

Truck Operators demand 28 percent GST on diesel

Truck Operators demand 28 percent GST on diesel Jalandhar(DP Correspondent) – On a call given by All India Motor Transport Congress (AIMTC), theAll India Punjab Truck Operators Union on Monday went on two-day strike demanding28 percent Goods and Services Tax (GST) on diesel. All India Motor Transport Congress had given a strike call on October 4, after which 93000

Now pay less for petrol & diesel via this app

Now pay less for petrol & diesel via this app

Now pay less for petrol & diesel via this app. The increase in petrol and diesel prices, have always caused problems to the common man. Oil marketing companies have continuously been hiking prices at a little bit day by day. But if you are worried about the increased price of petrol and diesel, there is

Banks to pay 3% IGST on gold imports

Banks to pay 3% IGST on gold imports

Banks to pay 3% IGST on gold imports. Banks importing gold and precious metals will have to pay 3 per cent tax under the GST which can be claimed as input tax credit, the government has said. Clarifying issues on GST on gems and jewelry through Frequently Asked Questions (FAQs), the Central Board of Excise

Petrol and Diesel Price hike

Petrol and Diesel Price hike

Petrol and diesel prices have been increased again. According to the rates fixed on the morning of 30th July, the price of petrol is increased by 13 paisa per liter. Besides this, diesel has also increased by 11 paisa per liter. Petrol in Indian Oil will cost Rs 69.90 per liter in today’s petrol pump

GST in the country, students will be taught VAT in books

GST in the country, students will be taught VAT in books

Though GST has been implemented in the country, the commerce students will only read the old commercial tax to understand the tax-related formula this year.Because GST has not been included in Bcom’s syllabus. That is, students will have to give an exam by knowing the old tax system. In fact, till the introduction of the

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Gujarat ready for GST rollout, over 5 lakh bizmen enrolled: CM

Gujarat Chief Minister Vijay Rupani today claimed that the state is ready for the Goods and Services Tax (GST) rollout on July 1 with over 5 lakh businessmen enrolling with the GST network.“Over 5 lakh businessmen (taxpayers) from Gujarat have enrolled (with GST Network). Gujarat is ready for its rollout (on July 1),” Rupani told

Excise department unearths scam involving vat evasion of Rs 23 crore

MANDI GOBINDGARH BASED FIRM CAUSES LOSS TO PUNJAB GOVERNMENT BY SUBMITTING FAKE “C-FORM’s” Ludhiana: The Excise & Taxation department of the Punjab government has unearthed a scam of VAT evasion worth Rs 23 crore. A Mandi Gobindgarh-based firm named “World Wide Products Pvt Ltd” had submitted fake “C-FORM’s” worth around Rs 23 crore regarding the

Breaking-Punjab Cabinet Meeting Ended

Punjab Assembly session will run till 5th to 9th  September. VAT on spices got reduced and turmeric becomes VAT free. VAT on coriander, cumin and black pepper reduced to 4% from 6.50%.Cabinet took decision on religious ground and will provide land to Muslim’s and Christians cemetery. Cabinet also approves to provide 4.99 per unit power

Haryana gives VAT exemption on sale of green mehndi leaves

Chandigarh: In order to place the traditional ‘Mehndi’ Industry of Haryana at par with neighbouring states, the Government today exempted sale of ‘Green Mehndi leaves and its powder’ from the levy of VAT. A decision to this effect was taken by Haryana Cabinet, which met under the chairmanship of Chief Minister Manohar Lal Khattar here