Prime Minister Narendra Modi on Wednesday called upon opposition-ruled states to follow the Centre’s decision by reducing taxes on petrol and diesel to provide relief to the people from the price hike. Full story on Dynamite News:
The petrol became cheaper by about Rs 8 in Delhi on Thursday after the government’s decision to reduce Value Added Tax (VAT) on it.
The Delhi government on Wednesday reduced the Value Added Tax (VAT) on petrol from 30 per cent to 19.40 per cent, informed the sources.
The Delhi government has increased the Value Added Tax (VAT) on petrol and diesel to 30 per cent each leading to an increase in the price of Rs 1.67, and Rs 7.10 in both the commodities, respectively.
P Chidambaram was of the view that the 28 per cent tax slab under the new tax regime has only added the Excise, VAT, and CST.
BJP ruled Gujarat has decided to slash the Value-Added Tax (VAT) on fuel prices in the state.
Bihar Chief Minister Nitish Kumar said the state’s VAT on fuel is the lowest among many states, after Union Petroleum and Natural Gas Minister Dharmendra Pradhan appealed the state governments to cut the VAT on petroleum products by five per cent.
A day after the Central Government reduced the Basic Excise Duty rate on petrol and diesel by Rs. 2 per litre, Union Petroleum Minister Dharmendra Pradhan asked the states to slash the VAT on fuel by 5 per cent.
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