United Spirits Limited, India’s largest spirits company, has moved the Madhya Pradesh High Court against a Value Added Tax (VAT) demand of Rs 7 crore for financial year 2020-21. In a regulatory filing, United Spirits said it has filed a writ petition in the Jabalpur bench of the High Court challenging the demand raised by […]
Packaged food company Nestlé said it would pass on to consumers any reduction in tax rates due to the introduction of the goods and services tax tomorrow. Companies are not obliged to pass on the benefit of lower taxes to consumers, and many are unlikely to. The Swiss giant said it won’t be one of […]
With the financial year drawing to a close, Madhya Pradesh, Gujarat & Mumbai have emerged as the states where people pay the highest taxes on petrol and diesel, while Tamil Nadu was the state with the highest increase in rates this year. In Madhya Pradesh, people pay an eye-watering 39.75% tax on petrol imposed by […]
