Page 13 - Excise Duty

Andhra hikes liquor prices twice in the trot as queues expand at stores

25% hike yesterday, another 50% today, both in the form of additional retail excise tax

Minting money: States earned Rs 1.75 trillion from sale of alcohol in FY20

It was their third-largest source of revenue after GST and sales tax or value-added tax

With liquor shops open, UP expects to recoup part of average excise mop-up

The UP government expects to recoup at least part of its average excise mop-up of nearly Rs 100 crore daily till the time the restrictions are removed

DGS has to take a call on waiving detention charges

The CBIC has also instructed field formations to make special efforts to dispose of all pending refund and drawback claims through a "special refund and drawback disposal drive"

Provide list of retail vend of liquor in public sector:Delhi to Excise dept

Delhi government has asked to conform to the criteria prescribed by the Union Ministry of Home Affairs

Govt plans another excise hike on petroleum products to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Another excise hike for petroleum products on cards to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Govt likely to face shortfall of Rs 10 trn due to coronavirus: Subhash Garg

Elaborating on the fiscal situation, the former finance secretary said that indirect taxes, GST, excise duty on petroleum products and customs will under-perform

Closures hit alcohol manufacturers; govt faces loss of Rs 700 cr a day

Excise duty on liquor is an important revenue source for states, which are not in a strong position financially at present

Petrol, diesel get costlier as states increase VAT amid coronavirus crisis

Both Kolkata and Mumbai saw an increase of Rs 1.01 each on petrol to Re 1 each on diesel. However, prices in Delhi remained unchanged

Fuel prices see minor changes, check petrol and diesel rates today

The prices of petrol and diesel can increase further as Parliament passed Finance Bill on Monday

Centre to hike excise duty on petrol and diesel by Rs 8 per litre each

The digital tax at the rate of 2% may particularly come as a setback to Chinese e-commerce players like AliExpress, Shein, and Club Factory selling in India

Govt amends law to get power to hike tax on petrol, diesel by Rs 8 per ltr

The amendment along with the Finance Bill was passed without a debate in the Lok Sabha

Petrol, diesel prices cut for a third straight day as crude oil softens 5%

Delhi has the lowest fuel prices among metros because of lower state taxes

Instead of heeding my advice, our 'genius' hiked excise duty on fuel: Rahul

Taking a dig at Prime Minister Narendra Modi, Congress leader Rahul Gandhi on Sunday said he had asked the PM to to pass on the benefit of the global oil price crash to Indian consumers, but instead "our genius" hiked excise duty on fuel. His jibe at the prime minister came a day after the government hiked excise duty on petrol and diesel by a steep Rs 3 per litre each to garner about Rs 39,000 crore additional revenue. "Just 3 days ago I had requested @PMOIndia to pass on the benefit of the global oil price crash to Indian consumers, by slashing the prices of petrol & diesel in India. Instead of heeding this advice, our genius has gone and hiked #exciseduty on fuel!" Gandhi tweeted. He also tagged a video of a press conference in which Finance Minister Nirmala Sitharaman purportedly avoids answering a question on why government has not passed on the benefits of the global oil crash to the people. The former Congress president on Wednesday had accused Prime Minister Modi of being .

Excise duty on petrol, diesel up by Rs 3 per litre as oil prices decline

Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre and to Rs 4 in case of diesel

Coronavirus outbreak may delay roll-out of Vivad se Vishwas scheme

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy are not covered under the scheme.

Budget 2020 in 2 minutes: Fiscal deficit target, income tax rates, and more

The personal income tax has been simplified and reduced. Individuals will have to pay tax at the reduced rate of 10% for incomes of Rs 5-7.5 lakh, against the current rate of 20%

GST, VAT collection dips as 6 states' tax revenue till November FY20 falls

On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period

Centre considering specific excise duty on aviation fuel to curb volatility

Finance Minister Nirmala Sitharaman will present her second budget on February 1.