Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Mon, Jan 21, 2019 | Last Updated 2:50 am IST

Menu &Sections

Search

Both petroleum products & liquor sales in Tamilnadu are covered under VAT regime

Both petroleum products & liquor sales in Tamilnadu are covered under VAT regime
Both petroleum products & liquor sales in Tamilnadu are covered under VAT regime
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Chennai sources reported that with prices of petrol and diesel touching record highs, the Tamilnadu government on Monday hinted it may not cut the Value Added Tax (VAT) on these products, saying they form a key part of the state's own tax revenue (SOTR). Meanwhile the Fisheries Minister D Jayakumar said the state extends benefits and sops worth Rs 77,000 crore to various segments, with salary of government employees constituting 70% of its expenditure.



Jayakumar said "The own source of income for the state is primarily from petroleum products and liquor meant for human consumption these are revenue generating sources"? Moreover Jayakumar was responding to a question on possible VAT revision by the state government with fuel prices soaring to new heights. Fuel rates touched a record high on Sunday as oil PSUs passed on four weeks of relentless rise in international crude prices to consumers.

Both petroleum products & liquor sales in Tamilnadu are covered under VAT regime

Moreover he said India imposes high taxes on petroleum products and urged both the BJP-led government at the Centre and the ruling AIADMK in Tamilnadu to cut taxes on petrol and diesel to benefit the common man. Furthermore MNM President Kamal Hassan wondered why global trends were being blamed for the hike while there were domestic solutions to address the issue.

Both petroleum products & liquor sales in Tamilnadu are covered under VAT regime

Both petroleum products & liquor sales in Tamilnadu are covered under VAT regime
5/ 5 - (1 votes)
Add To Favourite
More from author
CM Chandrababu Naidu unveiled NTR statue
Hyderabad Police booked 12 Websites for publishing defamatory article
GHMC shelving its plan to revise property tax rates
Again old rupee notes in Chennai!
World's first genetically modified child!
Edappadi checks food quality!
Will DMK intervene in Mekedatu project?
Prakash Raj to contest election as an Independent from Bengaluru-Central constituency
Religion politics have not fared well in the South
Paytm's New Feature adds benefit to Partner Merchants
Deepika Padukone titled World's Most Beautiful Bride
Amazon's New Year Sale delivery makes Record!!!
Lord Vishnu statue carved from a monolithic block reached Singarapettai
Jio New Year Offer recharges done between December 28, 2018, to January 31, 2019
437 CCTV Cameras installed in Chennai, Kilpauk Jurisdiction
High Court Justice orders 37 ISPs to block 12,000 Websites
Trump cancelled his own participation in Davos, citing row over his proposed wall
Telangana & AP extended time limit for interstate transfers
Trump coming out with reforms giving H-1B visa holders certainty to stay in US
SC appoints Ombudsman for Hardik & Rahul comments
Rakesh Asthana ousted from CBI!
TASMAC surpasses Petta!
Congress MP's trolls Amit and gets criticism!
World's top four Richest Celebrity list with their individual net worth
RBI Governor to cut Interest Rates
PhonePe seen a remarkable growth in 2018 in offline business
Vijayashanthi questions Why TRS shows fake statements
SC orders protection for counterfeit travelers in Sabarimala issue
Boxing Legend Muhammad Ali name for US Airport
Reliance Jio Net Profit jumped to 65%
Arun Jaitley to increase Income Tax Slabs Tax Rate
Ola Money Postpaid offers a 15 day credit line to passengers
Chill breeze to prolong for 4 days in Tamilnadu
DMK Chief MK Stalin to attend Mamata Banerjee's Party meet on January 19
Low cost Airline Scoot to adds 3 new South Indian cities
Telangana new Assembly session begins with new Speaker
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.