Maharashtra VAT cut on fuel not extra; automatic outcome of excise cut by Centre, says former CEA KV Subra - Economic Times

“The Rs 8 decline in excise duty of petrol times the VAT rate of every state will basically be the decline automatically, and not because of any conscious decision. That is the part that has to be clarified. States like Maharashtra, Rajasthan have not consci…

Consumers and citizens must recognise that about half the price is the burden being put by the states themselves. This is a case of making sure that the talk is being walked as well. People should no… [+10709 chars]

full article...