Stay updated with the latest value-added-tax news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on value-added-tax topics.
Coimbatore (Tamil Nadu) [India], April 9 (ANI): Union Minister for Commerce and Industry Piyush Goyal on Thursday launched a sharp attack on the ruling DMK government of Tamil Nadu, saying that they pushed backwards due to corruption and poor governance. Addressing the media here, he further claimed that drug abuse has adversely affected the youth and accused the government of enabling a deteriorating administrative environment compared to the tenure of former Chief Minister J Jayalalithaa. He ...Read More >
Mumbai: A swelling supply glut of ethanol is forcing policymakers and industry to look beyond car and two-wheelers to spur consumption of the renewable fuel. This includes ethanol-powered cooking stoves and diesel blends to generators and flex-fuel vehicles. Pilot projects are already starting to unfold. Ethanol-based cooking stoves are being tested as a cleaner household alternative, while blending the biofuel with diesel and using it in backup generators is under discussion. Early trials are ...Read More >
Patna, April 4 (UNI) Bihar has recorded a total revenue collection of Rs 43,324.79 crore in the financial year 2025-26, marking a significant achievement for the state's commercial taxes department. Bihar Finance minister Bijendra Prasad Yadav said the collection includes revenue from Goods and Services Tax (GST), VAT and other sources, reflecting a 4.09 per cent increase over the previous fiscal. The state had collected Rs 41,623.96 crore in 2024-25. Highlighting the performance, the minister ...Read More >
NEW DELHI: The fault lines within the Aam Aadmi Party (AAP) have burst into the open, with senior leaders publicly taking aim at Rajya Sabha MP Raghav Chadha in an unusually sharp and direct escalation a day after the party removed him from the deputy leader's post in the Rajya Sabha.The flashpoint came after Chadha questioned his removal, triggering pointed rebuttals from leaders like Saurabh Bhardwaj, former CM Atishi, Punjab CM Bhagwant Mann and MP Sanjay Singh.Former Delhi chief minister Ati ...Read More >
Hyderabad: Telangana has recorded a robust growth in revenue collections from four key departments during the financial year 2025-26 ending March 31, with commercial taxes, excise, stamps and registrations, and transport departments together generating ₹1.57 lakh crore.The commercial taxes department emerged as the top contributor with collections of ₹93,840 crore, followed by the excise department at ₹40,209 crore, stamps and registrations at ₹16,000 crore, and the transport department at ₹7,10 ...Read More >
Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank ...Read More >
Shimla, April 2 (PTI) No price hike in petrol and diesel has been implemented in the state and the Legislative Assembly has merely made a provision to allow for a rate increase of up to Rs 5 in the future, should the need arise, Chief Minister Sukhvinder Singh Sukhu said on Thursday. The Himachal assembly, on March 23, passed the HP Value Added Tax (Amendment) Bill 2006, seeking the levy of "Orphan and Widow" cess on Petrol and high-speed diesel up to five rupees per litre. Interacting with th ...Read More >
April 2 (Reuters) - Indian consumer firm Marico (MRCO.NS), opens new tab on Thursday said it expects to clock double-digit year-on-year percentage growth in operating profit in the fourth-quarter, aided by stable consumer demand. The maker of Saffola oils and Parachute haircare products said it has witnessed a gradual uptick in consumption across categories after several quarters of tepid demand from customers in urban areas, following reductions in goods and services tax in September. Marico ...Read More >
Mumbai, Apr 2 (PTI) The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, backed by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market. The domestic unit, however, faced pressure due to unabated withdrawal of foreign capital, strengthening dollar and rising crude oil prices amid volatile geopolitical situation, forex analysts said. At the interbank foreign exchange, the rupee ...Read More >
Ahmedabad: Gujarat tax revenues posted a strong uptick in March 2026, led by strong growth in state GST collections. State GST (SGST) collections increased 18.7% year-on-year to Rs 7,352 crore in March, up from Rs 6,190 crore in the same month last year. On a month-on-month basis, SGST revenue was 8.8% higher than in February.The state exchequer collected Rs 11,418 crore in March from a mix of levies. VAT contributed Rs 2,714 crore, electricity duty Rs 1,328 crore, and business tax Rs 24 crore, ...Read More >
New Delhi: The US has listed India's preference for use of domestic satellites for direct-to-home (DTH) television services, the inability of American electronic payment services suppliers to participate in the UPI ecosystem, localised shutdown of internet and data localisation requirements as barriers to foreign trade. In its 2026 National Trade Estimate Report on Foreign Trade Barriers, the US Trade Representative (USTR) also cited high tariffs, particularly on agriculture products, surcharge ...Read More >
New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Compan ...Read More >
Vijayawada: Andhra Pradesh has registered a 10 per cent growth in net Goods and Services Tax (GST) collections in March 2026. "This reflects fiscal resilience despite rate cuts and structural challenges under GST 2.0 reforms," chief commissioner state taxes, Babu A stated on Wednesday. He said Andhra Pradesh outperformed several southern states with a 5.71 per cent annual GST growth, surpassing Karnataka, Telangana, Tamil Nadu, and Kerala. Net GST collections for March stood at ₹3,316 crore -- t ...Read More >
The prices of aviation turbine fuel (ATF), or jet fuel, have seen a spike, though not as steep as reported earlier, following a clarification from Indian Oil Corporation. Reports had earlier suggested that ATF prices had more than doubled to over ₹2 lakh per kilolitre in Delhi, driven by a surge in global crude oil prices amid escalating tensions in West Asia. Advertisement However, Indian Oil has now clarified that ATF prices have risen by about 8.5%, not 115% as previously indicated. The cu ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The credit ratio of India Inc declined in the second half of fiscal 2026, even as the overall credit outlook for the FY27 remains stable but cautious due to the ongoing West Asia conflict, noted Crisil Ratings in its latest projections. The credit ratio of Indian companies, which measures the proportion of rating upgrades to downgrades, stood at 1.50 times in the second half of FY26, moderating from 2.17 times in the first half. During the period, th ...Read More >
New Delhi, Apr 1 (PTI) Corporate credit profiles remained resilient in 2025-26, with rating upgrades significantly outpacing downgrades, reflecting healthy balance sheets, steady domestic demand, and continued policy support, ICRA said on Wednesday. During FY26, ICRA upgraded 388 entities compared to 124 downgrades, resulting in a strong credit ratio of 3.1 times, a notable improvement from 2 times in FY25 and 2.1 times in FY24. The overall credit quality remained benign, supported by stable o ...Read More >
ATF Prices in India: The Union Government has announced that the hike on aviation turbine fuel (ATF), or jet fuel, would not be as big as initially reported on media. Previously, it was suggested that the ATF prices would be increased by more than a double to more than Rs. 2 lakh per kilolitre due to the ongoing Middle East crisis. A clarification has been issued by Indian Oil that the ATF prices have been increased by approximately 8.5 percent and not 115 percent as indicated previously. Prese ...Read More >
Amid rising fuel prices due to the Middle East war, Civil Aviation Minister Ram Mohan Naidu has appealed to state governments to reduce the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF). Sources told India Today that Naidu has reached out to state Chief Ministers, urging them to reduce the tax burden and provide relief to airlines as well as passengers. His outreach comes just before ATF prices will be revised on April 1, which will lead to a spike in airfares. "States such as Delhi hav ...Read More >
NEW DELHI: Jet fuel prices for scheduled Indian carriers have been upped by about 8.5% in April, sparing the average air travellers big airfare hikes. Aviation turbine fuel (ATF) prices for scheduled airlines per kilo litre will now cost Rs 1,04,927 in Delhi, up from Rs 96,638.14 last month. At India's second busiest hub, the price is now Rs 98,247, up from Rs 90,451.87 last month. This is a big relief to India's stressed airlines and flyers.ATF pricing for non scheduled, adhoc and charters: The ...Read More >
India raised aviation turbine fuel (ATF) prices for domestic scheduled carriers across metros from April 1. The government said ATF prices were expected to surge over 100% due to global disruptions, but OMCs passed on only a 25% staggered hike to domestic airlines to limit the impact on fares, while non-scheduled operators and charters bear the full increase.The price of aviation turbine fuel (ATF) for domestic scheduled airlines has been increased across metro cities effective April 1, though t ...Read More >
Hyderabad: The Telangana Excise Department on Tuesday, March 31, seized 71 bottles of non-duty paid liquor worth Rs 1.4 lakh, which were brought from Goa and Delhi to Hyderabad. The bottles were seized during vehicle checking at Pahadi Shareef by Special Task Force teams. The seized liquor bottle was handed over to the Meerpet Excise Station. Non-duty paid liquor is alcohol transported, sold or consumed within a state without paying the mandatory local excise duty and Value Added Tax (VAT). It ...Read More >
Mumbai, March 31: Gold prices in Dubai edged slightly higher on Tuesday as the month drew to a close, reflecting a modest rebound in international markets. Retail rates in the "City of Gold" saw 24-carat gold trading at approximately AED 541.75 per gram, a slight increase from previous sessions. The market remains influenced by a complex interplay between a strong US dollar and persistent safe-haven demand triggered by ongoing geopolitical tensions in West Asia. Local jewellers in the Deira Gol ...Read More >
Aviation turbine fuel (ATF), which accounts for nearly 40% of an airline's operating costs, "has seen significant price escalation due to supply interruptions" since early March, the group said in a statement. Globally, jet fuel prices have roughly doubled since the conflict began, surging from around $85-90 a barrel to between $150 and $200. Airlines in other regions have moved to pass on the cost too. Australia's Qantas, Scandinavia's SAS and Air New Zealand announced fare hikes or temporary ...Read More >
New Delhi, March 11: An Air India Express flight travelling from Hyderabad to Phuket was involved in a landing incident on Wednesday after a technical issue with its nose wheel left the aircraft stranded on the runway at Phuket International Airport. According to an AIR India Express Spokesperson, "We confirm that our Hyderabad-Phuket flight on 11 March experienced an issue with the nose wheel at Phuket Airport. The crew followed all standard protocols, and guests were deplaned. We thank our gue ...Read More >
New Delhi [India], March 11 (ANI): An Air India Express flight travelling from Hyderabad to Phuket was involved in a landing incident on Wednesday after a technical issue with its nose wheel left the aircraft stranded on the runway at Phuket International Airport. According to an AIR India Express Spokesperson, "We confirm that our Hyderabad-Phuket flight on 11 March experienced an issue with the nose wheel at Phuket Airport. The crew followed all standard protocols, and guests were deplaned. W ...Read More >
"BJP wale to ulti budhi ke log hai, inki neeyat mein khot hai (BJP people have warped thinking. They don't have good intentions)," he said. The 16th Finance Commission report has recommended the discontinuation of the Revenue Deficit Grant to 17 states, which includes Himachal Pradesh. The revenue minister, who returned from Delhi to Shimla after discussing the discontinuation of revenue deficit grant (RDG) to the state with the Congress high command, said Article 275(1) of the Indian Constitu ...Read More >
VMPL New Delhi [India], February 17: With Dubai actively building its strengths in the global context of its designation as one of the most dynamic business and investment destinations in the world, 2026 appears to be a pivotal year for entrepreneurs, corporate investors, and property purchasers. As government services are digitised through progressive regulatory changes, corporate tax systems are implemented, and the property business continues to grow, strategic planning is essential in recen ...Read More >
he new tariff structure will benefit consumers across 312 geographical areas. New Delhi: Consumers across India are set to benefit from reduced prices of Compressed Natural Gas (CNG) and domestic Piped Natural Gas (PNG) as the Petroleum and Natural Gas Regulatory Board (PNGRB) announced a tariff rationalisation that will come into effect from January 1, 2026. In an exclusive interview, AK Tiwari, Member, PNGRB, said that the new unified tariff structure will result in savings of Rs 2-3 per un ...Read More >
New Delhi: Consumers across India are set to benefit from reduced prices of Compressed Natural Gas (CNG) and domestic Piped Natural Gas (PNG) as the Petroleum and Natural Gas Regulatory Board (PNGRB) announced a tariff rationalization that will come into effect from January 1, 2026. In an exclusive interview, AK Tiwari, Member, PNGRB, said that the new unified tariff structure will result in savings of Rs 2-3 per unit for consumers, depending on the state and applicable taxes. The regulator has ...Read More >
Mumbai: The recent exemption of retail health insurance from the goods and services tax regime has helped reduce premiums. But that alone is not enough to drive growth as the industry continues to battle issues such as high medical inflation, inadequate coverage, differentiated healthcare and claims experience, insurers said in a panel discussion at Mint's BFSI Conclave 2025. "The premiums have come down by 18%. Does it mean that everyone is going to take insurance? No, that's not going to happ ...Read More >
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