VAT enters the matrix, online purchases now charged 5% more

States likely to favour system in which they will not be dependent on another state to get share of revenue

Wholesalers and several small retail stores breaking away from the ongoing stir against local body tax (LBT) hasn't deterred the Federation of Traders Association from continuing with

A 10 per cent surcharge on value-added tax (VAT) on petrol came as a bolt from the blue for thousands of consumers. Oil companies raised petrol prices by Rs 1.76 to Rs 68.94 a litre from midnight on Saturday. On May 7, while imposing a 10 per cent surcharge ...

Trouble is brewing at The Imperial, India's tallest twin 60-storey residential towers at MP Mill compound

OMCs have increased the diesel prices by Rs 0.90/litre (excluding VAT) covering the increase for the months of April and May 2013. ''Continuation of diesel price increase is positive. Also, the timing was somewhat opportune as all the attention was on ...

Claiming that the suggestion to impose an additional surcharge on VAT instead of LBT would kill the financial autonomy of civic bodies, CM Prithviraj Chavan on Tuesday asked if the mayors of civic bodies were okay with the suggestion.

helps you calculate the VAT to add or subtract from a price, at different rates of VAT. zebNet VAT Calculator TNG will help you to see how much tax should be added to a price, or how much of the total price was made up by VAT. It is straightforward ...

Cutting Poland's value-added tax back down to 2010 levels as had been promised by the government when it raised VAT in 2011 was meant to reduce 2014 inflation by 0.3 percentage points (through energy and non-food prices) and raise GDP growth by ...

Also discuss a proposal to increase the minimum VAT rate to 6% from 5%; no decision taken yet States, on Saturday, turned down the Centre’s proposal to declare mobile phones and tablets as special category goods which attract a lower tax rate of five per cent. They also asked the Centre not to put any items under the declared goods category which deprives states of their revenues. The states also discussed a proposal to increase the minimum VAT rate to six per cent from five per ...