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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
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Fuel Price Hike In Punjab After Value Added Tax Increases On Petrol, Diesel
The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.
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How Can Fuel Prices Come Down? What Nirmala Sitharaman Told NDTV
Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.
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Petrol, Diesel To Get Costlier In Goa After Hike In Value Added Tax (VAT)
The Goa government has announced a hike in Value Added Tax (VAT) on petrol and diesel with effect from Saturday, which will raise the price of petrol by Re 1 and diesel by 36 paise, an official said.
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Over 6,300 Fuel Stations Shut In Rajasthan Due To Strike Over High Taxes
More than 6,300 petrol pumps in Rajasthan remained closed from 10 am to 6 pm on Wednesday as part of a strike called by operators against high Value Added Tax (VAT) on diesel and petrol.
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Centre Requests Tamil Nadu To Reduce Tax On Aviation Turbine Fuel
The Centre has requested the Tamil Nadu government to reduce the value added tax charged on aviation turbine fuel in line with the other states and to boost air connectivity, Union Minister of Civil Aviation Jyotiraditya M Scindia said on Saturday.
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Gujarat Cuts VAT On CNG, Piped Cooking Gas Prices By 10% Ahead Of Polls
The Gujarat government announced a reduction in VAT (Value Added Tax) on CNG and PNG by 10% and said two cooking gas cylinders will be given free every year to 38 lakh beneficiaries who have got gas connections under the Centre's Ujjwala scheme.
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"Because Ajit Pawar Managed Economy Well...": Sharad Pawar's Party On Fuel Price Cut
The Eknath Shinde-led Maharashtra government could reduce the Value Added Tax on petrol and diesel because previous finance minister Ajit Pawar kept the state's economy in a good shape, the Nationalist Congress Party (NCP) said on Thursday.
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Fuel To Get Cheaper In Maharashtra, Eknath Shinde Announces Tax Cut
Maharashtra will reduce the Value Added Tax or VAT on fuel, effectively bringing down the prices in the state, Eknath Shinde said today in a big populist move as the new Chief Minister of Maharashtra.
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Russian Parliament Clears Draft Bill That Exempts Digital Assets, Crypto Issuers From VAT
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.
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No Decision Yet On Jet Fuel Tax Cut, Say Government Sources
Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices
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These States Have Further Reduced Petrol, Diesel Prices After Centre's Excise Duty Cut
Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.
-
"Injustice": PM Takes Aim At Opposition-Ruled States On High Fuel Prices
PM Modi today requested states to reduce the Value Added Tax (VAT) on fuel "in the spirit of cooperative federalism". Listing fuel prices in cities across the country, PM Modi pointed out that states which had lowered have lower fuel prices.
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El Salvador Plans World's First Bitcoin City
The city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value added tax
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Fuel Tax Cut To Hit States By Rs 44,000 Crore In 2021-22, Says ICRA
The states will have to take a hit of approximately Rs 44,000 crore in terms of tax revenue once they reduce value added tax on petrol and diesel
-
UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
-
Fuel Price Hike In Punjab After Value Added Tax Increases On Petrol, Diesel
The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.
-
How Can Fuel Prices Come Down? What Nirmala Sitharaman Told NDTV
Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.
-
Petrol, Diesel To Get Costlier In Goa After Hike In Value Added Tax (VAT)
The Goa government has announced a hike in Value Added Tax (VAT) on petrol and diesel with effect from Saturday, which will raise the price of petrol by Re 1 and diesel by 36 paise, an official said.
-
Over 6,300 Fuel Stations Shut In Rajasthan Due To Strike Over High Taxes
More than 6,300 petrol pumps in Rajasthan remained closed from 10 am to 6 pm on Wednesday as part of a strike called by operators against high Value Added Tax (VAT) on diesel and petrol.
-
Centre Requests Tamil Nadu To Reduce Tax On Aviation Turbine Fuel
The Centre has requested the Tamil Nadu government to reduce the value added tax charged on aviation turbine fuel in line with the other states and to boost air connectivity, Union Minister of Civil Aviation Jyotiraditya M Scindia said on Saturday.
-
Gujarat Cuts VAT On CNG, Piped Cooking Gas Prices By 10% Ahead Of Polls
The Gujarat government announced a reduction in VAT (Value Added Tax) on CNG and PNG by 10% and said two cooking gas cylinders will be given free every year to 38 lakh beneficiaries who have got gas connections under the Centre's Ujjwala scheme.
-
"Because Ajit Pawar Managed Economy Well...": Sharad Pawar's Party On Fuel Price Cut
The Eknath Shinde-led Maharashtra government could reduce the Value Added Tax on petrol and diesel because previous finance minister Ajit Pawar kept the state's economy in a good shape, the Nationalist Congress Party (NCP) said on Thursday.
-
Fuel To Get Cheaper In Maharashtra, Eknath Shinde Announces Tax Cut
Maharashtra will reduce the Value Added Tax or VAT on fuel, effectively bringing down the prices in the state, Eknath Shinde said today in a big populist move as the new Chief Minister of Maharashtra.
-
Russian Parliament Clears Draft Bill That Exempts Digital Assets, Crypto Issuers From VAT
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.
-
No Decision Yet On Jet Fuel Tax Cut, Say Government Sources
Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices
-
These States Have Further Reduced Petrol, Diesel Prices After Centre's Excise Duty Cut
Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.
-
"Injustice": PM Takes Aim At Opposition-Ruled States On High Fuel Prices
PM Modi today requested states to reduce the Value Added Tax (VAT) on fuel "in the spirit of cooperative federalism". Listing fuel prices in cities across the country, PM Modi pointed out that states which had lowered have lower fuel prices.
-
El Salvador Plans World's First Bitcoin City
The city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value added tax
-
Fuel Tax Cut To Hit States By Rs 44,000 Crore In 2021-22, Says ICRA
The states will have to take a hit of approximately Rs 44,000 crore in terms of tax revenue once they reduce value added tax on petrol and diesel
