Friday, June 6, 2008

Reducing Sales Tax Rates on Petro Products - June 6, 2008

State Finance Ministers are scheduled to meet on June 16 under the aegis of the Empowered Committee of State Finance Ministers on Value Added Tax (VAT). The State Finance Ministers is likely to discuss the sales tax rates on petrol and diesel in the wake the Prime Minister''s appeal to States to look at reducing sales tax rates on petro products.

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