FM rules out cut in excise duty on petrol, diesel for now


PTI, Aug 16, 2021, 6:08 PM IST

New Delhi: Finance Minister Nirmala Sitharaman on Monday said the rules that will lead to scrapping of the retrospective tax demands made on companies such as Cairn Energy Plc and Vodafone Plc will be framed soon.

Parliament earlier this month passed a bill to scrap all tax demands made using the 2012 retrospective tax legislations. The bill provides for government refunding the retro tax to companies provided all legal challenges are withdrawn.

Now the rules for the same have to be framed, which Sitharaman said will be done soon.

”I will follow the law passed in Parliament,” she said.

The finance minister said her ministry officials are discussing with Cairn, Vodafone on closure of retro tax cases, refund and settlement.

”No discussions with me (have happened) so far,” she said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

BJP stages protest against Karnataka govt over Waqf properties row

Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady

India crawl to 51 for 4 after losing top-order

Nursing student suicide: Three students arrested in Kerala

Nadda’s letter to Kharge full of falsehoods: Cong

10 month baby gets new heart, new life

Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’

Related Articles More

War has endangered future of 2.5 billion children of world: UP CM Adityanath

UP man gets 10-yr jail term for murder attempt on father

SC notice to Gujarat govt on Asaram’s plea seeking suspension of sentence in 2013 rape case

US charges against Adani, 7 others could lead to arrest warrants, extradition bid: attorney

Kerala HC denies bail to police officer accused of ‘raping’ minor Dalit girl

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

War has endangered future of 2.5 billion children of world: UP CM Adityanath

UP man gets 10-yr jail term for murder attempt on father

Cement mixer truck overturns near Ambagilu

SC notice to Gujarat govt on Asaram’s plea seeking suspension of sentence in 2013 rape case

BJP stages protest against Karnataka govt over Waqf properties row

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.