Articles tagged under: VAT

Gujarat govt revenue from SGST and VAT up by 20 percent in a year

April 01, 2023
Gujarat govt revenue from SGST and VAT up by 20 percent in a year

Gandhinagar: The total revenue of the Gujarat government from SGST (State Goods & Services Tax) and VAT (Value Added Tax) for the financial year 2022-23 is Rs 1,03,783 crore. It is 20 percent up when compared to the previous financial year 2022-23. The revenue of the Gujarat government in the previous financial year was Rs 86,802 crore. Thus, the revenue of the financial year 2022-23 from SGST and VAT is up by Rs 16,981 crore from the previous year. Gujarat's revenue from SGST is Rs 65...Read More

Reduction in VAT leads to Rs 10,500 crore drop in fuel revenue: Guj Govt

March 14, 2023
Reduction in VAT leads to Rs 10,500 crore drop in fuel revenue: Guj Govt

Gandhinagar: Gujarat's government revealed in the ongoing budget session of the state assembly that reducing the value-added tax (VAT) on petrol and diesel in October 2021 resulted in a reduction of Rs 9,500 crore in revenue over the past two years. This reduction in VAT also led to a loss of Rs 1,000 crore in revenue from compressed natural gas (CNG) and piped natural gas (PNG). In response to queries from Maninagar MLA Amul Bhatt, finance minister Kanu Desai said, "the government collected ...Read More

VAT collection on Fuels up by 6.2% compared to 2021-22

February 28, 2023
VAT collection on Fuels up by 6.2% compared to 2021-22

Gandhinagar: Gujarat government collected Rs 20,216.5 crore in value-added tax (VAT) on petrol, diesel, CNG, and PNG between February 1, 2022, and January 31, 2023, representing a 6.2% increase from the previous year, informed the Finance Minister in the state assembly on Monday. The government further stated that while VAT collection on petrol and PNG witnessed a decline, tax collection on diesel and CNG was higher compared to 2021-22. The tax collected on diesel rose from Rs 12,731.8 crore ...Read More

ગુજરાતમાં સીએનજી અને પીએનજીમાં ૧૦ ટકા વેટ ઘટાડવાનો મહત્વપૂર્ણ નિર્ણય

October 17, 2022
ગુજરાતમાં સીએનજી અને પીએનજીમાં ૧૦ ટકા વેટ ઘટાડવાનો મહત્વપૂર્ણ નિર્ણય

-- રાજ્ય સરકારના આ નિર્ણયથી સીએનજી ગેસમાં પ્રતિ કિલો અંદાજે રૂ. ૬ થી ૭ તેમજ પીએનજી ગેસમાં પ્રતિ ઘનમીટર અંદાજે રૂ. ૫ થી ૫.૫૦નો ઘટાડો થશે -- પ્રધાનમંત્રી ઉજ્વલા યોજના હેઠળ સમાવિષ્ટ રાજ્યના ૩૮ લાખ...Read More

Gujarat HC ruling gives Rs 1,000 crore VAT relief to ONGC

December 18, 2014

Ahmedabad In a major relief to government-run Oil and Natural Gas Corporation, the Gujarat High Court today upheld its plea in a dispute with the state which had demanded value added tax (VAT) dues of around Rs 1,000 crore. A division bench of Justices Akil Kureshi and V M Pancholi passed the order. The High Court held that the state government was entitled to recovering VAT on the basis of subsidised rates and not on the basis of original rates of the petrol...Read More

VAT registration to be simpler,faster in Gujarat from 1 December:Minister Saurabh Patel

November 03, 2011

Gandhinagar, 3 November, 2011 Gujarat Chief Minister Narendra Modi has decided to simplify the VAT registration procedure simpler, faster and transparent in the larger interest of trade and industry. Giving details of the important decision, Minister of State for Finance Saurabh Patel here today said the new procedure will come into effect from December 1, 2011. A provisional number will be generated and issued within three days of submitting the application. The surety has to be...Read More