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'Devil and deep sea': Chidambaram questions excise duty cut, asks if states can afford to lose VAT

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Nirmala Sitharaman Centre On Google News Image Source Finance Minister Nirmala Sitharaman Finance Ministerp Chidambaram

Entire burden of fuel price reduction falls on centre, I stand corrected: Chidambaram

After taking a critical view of the central governments request to the states to cut taxes on petrol and diesel, former Union Finance Minister P Chidambaram on Sunday said the facts about the states share of tax reduction are contrary to what he had said previously as the entire burden of the duty cut would fall on the centre.
Union Finance Ministerp Chidambaram Excise Duty Additional Excise Duty Finance Minister Nirmala Sitharaman Ews India

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Being between 'devil and deep sea': Chidambaram on states' situation after excise cut on fuel

Senior Congress leader P Chidambaram on Sunday wondered whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants, likening their situation to being between “the devil and the deep sea”.
New Delhi Senior Congress Finance Minister Excise Duty Additional Excise Duty

After FM announces excise duty cuts on fuel, Congress accuses Centre of 'fooling' people

After FM announces excise duty cuts on fuel, Congress accuses Centre of ‘fooling’ people - Following the excise duty cuts announcement, a senior leader of Congress said, “Nation doesnt need jugglery of figures to dupe the people
Nirmala Sitharaman Priyanka Chaturvedi Narendra Modi Randeep Singh Surjewala Finance Minister Nirmala Sitharaman Natural Gas Hardeep Singh Puri

KCR Govt Should Reduce State Excise Duty on Fuel, Demands Telangana BJP

Hyderabad: After the Centre announced a reduction in the excise duty on petrol and diesel, Telangana BJP turned its focus on the TRS government and demanded chief minister K Chandrasekhar Rao to slash state excise duty immediately on fuel.  Telangana State BJP Official spokesperson N V Subhash on Sunday issued a statement saying if KCR really is a poor friendly chief minister,
Andhra Pradesh Narendra Modi K Chandrasekhar Rao Prime Minister Narendra Modi Telangana Bjp Nv Subhash
Source: sakshi.com

Centre bears full cost of excise duty cut on petrol, diesel: Sitharaman

Union Finance Minister Nirmala Sitharaman on Sunday clarified that the entire cost of the reduction in excise duty on petrol and diesel is borne by the central government and the states revenue wont be impacted by the move.
Narendra Modi Agriculture Infrastructure Development Cess Union Finance Minister Nirmala Sitharaman Excise Duty Special Additional Excise Infrastructure Cess

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