Fri, Jul 07, 2023
Liquor manufacturers on Friday raised concerns about the Karnataka government hiking tax on Indian made foreign liquor (IMFL), saying the move will increase consumer prices and adversely hit sales.
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Sun, Jul 02, 2023
The amount included Rs 5,548.48 crore as excise duty and Rs 1,272.52 crore as value-added tax.
Thu, Mar 16, 2023
Global crude oil prices hit a 15-month low on Wednesday and are below $75
Sun, May 27, 2018
Within two weeks time, the state-owned OMCs have raised both petrol and diesel price by over Rs 3 per litre each in various state capitals of India.
Sat, May 26, 2018
OMCs like HPCL, IOCL and BPCL take into consideration the international crude oil prices, government's excise duty and various state's Value Added Tax (VAT) to derive the final retail prices of fuel products including petrol and diesel.
Wed, May 23, 2018
The government has linked petrol, diesel prices the the ones prevailing in international markets with the hope that consumers would benefit. However, the move has boomeranged as fuel rates have soared to record highs.
OMCs like HPCL, IOCL and BPCL take into consideration the international crude oil prices, government’s excise duty and various state's Value Added Tax (VAT) to derive the final retail prices of fuel products including petrol and diesel.
Tue, Apr 17, 2018
Petrol and diesel prices: There has been a continuous hike in fuel rates across India since the start of 2018.
Wed, Apr 04, 2018
The OMCs, while deciding the prices of fuel, take into consideration the performance of international crude oil, adding government’s excise duty and various state’s value added tax (VAT).
Fri, Feb 23, 2018
State-owned oil marketing companies (OMCs) like IOCL, Bharat Petroleum Corp Limited (BPCL) and Hindustan Petroleum Corp Limited (HPCL) have started to bring petrol and diesel prices from February 8.
Tue, Feb 13, 2018
Petrol has tumbled in the range of 85 paisa to 91 paisa per litre, whereas diesel prices have come down between Rs 1.20 and Rs 1.28 per litre.
Mon, Feb 12, 2018
Price rise in fuel product has been since start of 2018, despite FM Arun Jaitley trimming down excise duty on various products, especially fuel products, during FY19 Budget.
Fri, Feb 09, 2018
Finance Minister Arun Jaitley during FY19 Budget trimmed down excise duty on various products, especially fuel products, pinning down hopes that petrol and diesel prices would go down.
Fri, Feb 02, 2018
With this reduction, the FM said the government will bear the revenue loss of Rs 13,000 crore in the remaining part of FY18.
Thu, Jan 25, 2018
Dr Reddy's Laboratories today posted a 38.51 per cent decline in consolidated net profit at Rs 302.7 crore for the third quarter ended December 31. The company had posted a net profit of Rs 492.3 crore during the same period of previous fiscal.
Sun, Dec 03, 2017
The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament, a senior government official said.
Wed, Oct 11, 2017
On October 10, the Maharashtra government trim down Value Added Tax (VAT) on petrol and diesel prices by Rs 2 per litre and Rs 1 per litre to support government's plan in boosting demand for fuel and cushion the negative imapct of International crude price rises.
Fri, Oct 06, 2017
Since the time excise duty has been reduced, petrol and diesel prices have come down by more than Rs 2 per litre. Moody's believes this decline will boost demand for fuel in India.
Tue, Oct 03, 2017
Petrol and diesel prices have reached to a three year high since the time they have undergone daily revision - which has impacted India's Wholesale Price Index (WPI) inflation too.
Mon, Jul 03, 2017
Under the GST, a cess is levied on demerit and luxury goods over and above the peak GST rate of 28 per cent.
Sat, May 20, 2017
The economy class air travel in airlines is set to become cheaper while the business class will become dearer with the implementation of GST from July 1 as the government has lowered the tax rate on air fares of economy class while it has increased the tax rate on air fares of business class.
Wed, May 17, 2017
Zee Business recently hold a panel discussion with traders in Mumbai's Kumbharwada area in order to learn about what they think about the GST tax, here are the excerpts from that panel discussion.
Sun, May 14, 2017
The collections of excise duty may take hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST, which is slated for July 1 launch.
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