Tag Archives: diesel

GST rate structure for Petroleum and Oil Sector

GST Collection

To reduce the cascading of taxes arising on account of non-inclusion of petrol, diesel, ATF, natural gas and crude oil in GST and to incentivise investments in the E&P (exploration and production) sector and downstream sector, the GST Council in its 22nd meeting held on 6thOctober, 2017 has made the following recommendations for GST rate structure for… Read More

Gujarat government cuts 4% VAT on petrol, diesel

Govt

Gujarat government has announced to cut prices of petrol and diesel in the state with effect from midnight tonight. Chief Minister Vijay Rupani and Deputy Chief Minister Nitin Patel made the announcement at a press conference at Gandhingar morning.

Reports that following the announcement, petrol price has been cut by Rs 2.93 per litre, while diesel price… Read More

Dharmendra Pradhan holds bilateral meeting with Bangladesh & Sri Lanka on energy issues

The Minister of State (I/C) for Petroleum and Natural Gas Shri Dharmendra Pradhan held bilateral meetings with Dr. Tawfiq-e-Elahi Chowdhury, BB, Energy Adviser to PM of Bangladesh and Dr Anoma Gamage, Deputy Minister of Petroleum Resources Development of Sri Lanka in Bhubaneshwar, Odisha. Both dignitaries are in India at the invitation of Sh. Pradhan to… Read More

Suresh Prabhu inaugurates the renovated National Rail Museum

Ministry of Railways

The renovated National Rail Museum was inaugurated and dedicated to the Nation by the Minister of Railways Shri Suresh Prabhakar Prabhu in the august presence of the Minister of State for Railways Shri Manoj Sinha. On this occasion National Rail Museum website, E-Book and a Mobile App were also launched,apart from this smart card system for museum ticketing… Read More

Allow VAT credit on petroleum products or reduce the rates ASSOCHAM to Delhi Govt

ASSOCHAM_IndianBureaucracy

The legislative move by the Delhi Government to increase the Value Added Tax (VAT) on petroleum products to 30 percent from 20 percent will hit the industrial units in the national capital raising the cost of diesel at least by Rs 5 a litre and making the operations unviable, ASSOCHAM has said in a letter to Chief Minister Mr Arvind Kejriwal.

Fuels in the form of … Read More