17
Tuesday
October 2017
1:17 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
'Tax on fuel more important for a dry state like Gujarat'
 
Ahmedabad, Sep 21 (PTI) Gujarat deputy Chief Minister Nitin Patel today said that for a state which doesn't get any revenue from liquor sale because of prohibition, the tax on petrol and diesel is all the more important.

Without giving any assurance about reducing the Value Added Tax (VAT) on fuel, Patel, who handles the finance portfolio, said the BJP government in the state will follow the Union Government in this matter.

"We will follow what the Centre does in this regard," he said, when asked if the state government is considering reduction of the tax on fuel to give some respite to consumers in view of the recent spike in petrol and diesel prices.

"Tax on gas, petrol and diesel is the main source of revenue for any state. Moreover, many states are earning huge revenues through the liquor sale. That's not the case with Gujarat, as liquor is prohibited here since the inception of the state," Patel said, speaking to reporters in Gandhinagar.

"The states where there is no ban on liquor are earning Rs 15,000 crore to Rs 25,000 crore as excise duty on alcohol. Gujarat doesn't get such revenue due to the liquor ban, and we do not even intend to earn through the liquor," the deputy CM said.

Till December 2015, the Gujarat government collected 23 per cent VAT and 2 per cent cess on petrol, and 21 per cent VAT and 3 per cent cess on diesel. In January 2016, the VAT on both fuels was increased to 24 per cent and the cess to 4 per cent.


Federal Bank, DCB profit up on loan growth
Bharti Airtel, Millicom close deal to combine Ghana ops
Leslie Thng takes over as Vistara CEO
India has high growth potential for next two decades: Jaitley
IMF favors three structural reforms in India
Royal Enfield drives into Vietnam, to sell 3 models
Petrol pump dealers call off Friday's strike
Inequality increased in China, India and US: IMF
India seeks UK's expertise for defence manufacturing
EU expands N Korea sanctions
Ford EcoSport Facelift To Get New 1.5-litre Petrol Engine
Idea Cellular tops Trai's 4G upload speed rankings
GST to facilitate ease of doing business: EU
RBI should help govt revive stalled projects, says Goyal
Demonetisation the biggest disaster, GST a great stunt: Mamata
India to renegotiate LNG rate with US, Russia
RBI ups inflation projection to 4.2-4.6% during second half
Sebi bars Skymarg Agro Industries India, 5 directors from mkt
2nd shift at Gujarat plant to help ease demand pressure:Maruti
RBI policy, PMI data hold key to stock markets this week
KERALA NEWS
Chalakudy Rajeev murder case: Advocate Udayabhanu seventh accused
 (Kochi, Oct 16, 2017, DG): Advocate Udayabhanu was on Monday made the seventh accused in the  
UDF is against harthals: K Muraleedharan
BJP leaders threaten CPI(M) workers
UDF harthal turns violent
INTERNATIONAL NEWS
Abe on course for landslide win in Japan vote: Survey
 (TOKYO, Oct 16, 2017):Prime Minister Shinzo Abe is on track for a landslide win in Japan's up
12 Rohingya migrants killed in Bangladesh boat capsize
Clinton accuses WikiLeaks of blunting impact of crude Trump
Death toll rises to 189 in massive truck bomb blast in Mogadishu
NATIONAL NEWS
'Taj Built By Traitors,' Says BJP's Sangeet Som, Hate-Speech Giver
 (NEW DELHI, Oct 16, 2017):The world-renowned Taj Mahal has been dragged into an ugly politica
Gujarat Gaurav Yatra: Narendra Modi criticize Nehru-Gandhi family, says Gujaratis are eyesore for them
Bengaluru building collapse: 7 die in suspected cylinder blast; K'taka govt announces Rs 5 lakh ex-gratia
Fundraiser auction for fourth Kochi-Muziris Biennale
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.