21
Wednesday
February 2018
4:38 AM 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.


Indian IT Likely To See 7-9% Growth In FY19, May Hire 1 Lakh New Techies
Rupee falls 31 paise against US dollar in opening trade
Tata Steel emerges as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore
Debt-laden Aircel to file for bankruptcy at NCLT
Gold slips on fall in demand, global cues
PNB fraud: Nirav Modi, Mehul Choksi's passport suspended; 50 more firms to be raided
Rupee gains 6 paise against dollar in opening trade
Sensex rises 196 pts, Nifty reclaims 10,600-mark
Re gains 14 P to trade at 2-week high in opening trade
Uber CEO aims to pare losses and get 'the love back'
Jewellery stocks take a hit after PNB fraud
Sensex rises over 200 points, Nifty near 10600
Trump slams India for high import tariffs on Harley-Davidson
PM woos investors at Oman-India business meeting
Sensex sheds 144 pts in late sell-off; bank stocks sink
Rupee gains 19 paise against dollar in opening trade
Sensex recovers 260 points, Nifty above 10,500-mark
Sensex drops below 34K, Nifty loses over 1.5% amid global fall
Rupee drops 13 paise against dollar at 64.39
Cola And Junk Food Advertisements Banned by Government on Cartoon Channels
KERALA NEWS
'Kudumbashree' to foray into e-commerce
 (Thiruvananthapuram, Feb 20, 2018): After its success saga in a series of fields ranging from  
Pandalam woman jumps to death from hospital building
SC to hear tomorrow actress Priya Varrier's plea
Shuhaib murder: Police find crucial lead
INTERNATIONAL NEWS
Nepal's two Communist parties decide to merge
 (Kathmandu, Feb 20, 2018):In a major political development, two ruling Communist parties in N
Palestinian leader goes to the UN to counter US on Jerusalem
Maldives leader seeks approval to extend state of emergency
Imran Khan ties knot for third time, confirms party
NATIONAL NEWS
J-K youths, children meet President
 (New Delhi, Feb 20, 2018): Youths and children, who were hit by militancy in Jammu and Kashm
SBI Card cautions customers against Bitcoin investment
Cong, CPI-M demand discussion on PNB fraud
CBI refuses to disclose expenses incurred to bring back Vijay Mallya, Lalit Modi
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.