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We are in the era of Goods and Services Tax (GST). As we all know, it is an indirect tax imposed on the distribution of commodities and services. A 5% GST has been levied on certain goods and services. GST is also charged at 12%, 18% and 28%. Interestingly, electricity, petroleum derivatives, the transactions of real estate and alcoholic drinks do not attract GST. The states impose taxes on these products separately. Merchants collect GST from people and pay it to the government. Why GST has not been imposed on diesel and petrol? Can GST be imposed on diesel and petrol? How does the imposition of GST affect the Centre and the states? A fuel consumer like you is expecting these questions to be answered. Current Diesel and Petrol Prices The consumption of diesel and petrol has been high in India because of its increasing number of motorists and commercial activities. Diesel, which can be used for multiple purposes, has an impact on the economics of the country. Fuel prices cann...

Diesel and petrol have become costlier in India and commoners are finding it difficult to pay higher prices. The Congress Party called the Bharat Bandh to fight against the Central Government that has failed to control fuel prices . 21 local parties also extended their support to the bandh called the Congress Party on Monday, 10 September 2018. Only three states have declared some relief to fuel consumers but many states are yet to decrease fuel rates. Sales Tax cut in Some States The State Government of Rajasthan reduced its sales tax (Value-added Tax) on diesel and petrol by 4%. Similarly, the State of Government of West Bengal cut the value-added tax (VAT) on diesel and petrol by Rs.1 per litre. The State Government of Andhra Pradesh also reduced the sales tax on diesel and petrol by Rs.2 per litre. In India, both diesel and petrol are taxed by the State and the Central Governments. The BJP Government increased excise duty many times since the day it came into power...

A healthy credit score is your ticket to get an attractive deal on your loan or credit card application. It opens the door to an array of benefits, discounts and rewards while availing credit. Moreover, you are also entitled to receive a preferential pricing in terms of interest rates and fees by some of the lenders. As per the general practice, a majority of lenders like banks and non banking finance companies consider a credit score of 750 and above as excellent. But the key to maintaining a high credit score lies in having control on your credit card spend as well as repayment behaviour. Let’s take a look at some of the important tips that will help you maintain a high credit score in 2018: Keep an eye on your credit report Make sure to check your credit report from time-to-time. A periodic check of your credit report gives you an idea of your current credit health. Also, your credit report can have errors related to your accounts or personal information. Keeping...