Vat On Petrol

The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.

Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.

The Goa government has announced a hike in Value Added Tax (VAT) on petrol and diesel with effect from Saturday, which will raise the price of petrol by Re 1 and diesel by 36 paise, an official said.

Petrol filling stations across Rajasthan, barring privately-owned and operated pumps, began an indefinite strike from 6 am today, demanding a reduction in Value-Added Tax (VAT) on petrol and diesel.

More than 6,300 petrol pumps in Rajasthan remained closed from 10 am to 6 pm on Wednesday as part of a strike called by operators against high Value Added Tax (VAT) on diesel and petrol.

Fuel pumps will remain closed from 10 am to 6 pm on Wednesday and Thursday across the state, as the Rajasthan Petroleum Dealers Association has called for a strike to protest high value-added tax (VAT) rate on fuel.

The Punjab government increased the Value-Added Tax (VAT) on fuel by 10% on Sunday, leading to an increase in the price of petrol and diesel in the state by 92 paise per litre and 88 paise per litre, respectively.

The Gujarat government earned Rs 38,730 crore from value-added tax (VAT) and cess on petrol, diesel, CNG and PNG in the last two years, the state legislative Assembly was informed on Monday.

Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.

Just a day after central government announced reduction in excise duty on petrol and diesel, Maharashtra government has gone on to reduce VAT on petrol by Rs. 2.08 and on diesel by Rs. 1.44.

The average price of crude oil (Indian basket) in May so far (till May 19) has remained high at $107.26 per barrel

Fuel Prices Cut: Senior Congress leader P Chidambaram today said 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.

Petrol, Diesel Prices Today: Fuel prices came down after Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol and diesel

The Rajasthan government on Saturday reduced value-added tax (VAT) on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre, following the reduction of excise duty by the Centre.

Finance Minister urged all state governments, especially those which had not reduced excise duty on November 4, 2021, to also implement a similar cut

The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.

Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.

The Goa government has announced a hike in Value Added Tax (VAT) on petrol and diesel with effect from Saturday, which will raise the price of petrol by Re 1 and diesel by 36 paise, an official said.

Petrol filling stations across Rajasthan, barring privately-owned and operated pumps, began an indefinite strike from 6 am today, demanding a reduction in Value-Added Tax (VAT) on petrol and diesel.

More than 6,300 petrol pumps in Rajasthan remained closed from 10 am to 6 pm on Wednesday as part of a strike called by operators against high Value Added Tax (VAT) on diesel and petrol.

Fuel pumps will remain closed from 10 am to 6 pm on Wednesday and Thursday across the state, as the Rajasthan Petroleum Dealers Association has called for a strike to protest high value-added tax (VAT) rate on fuel.

The Punjab government increased the Value-Added Tax (VAT) on fuel by 10% on Sunday, leading to an increase in the price of petrol and diesel in the state by 92 paise per litre and 88 paise per litre, respectively.

The Gujarat government earned Rs 38,730 crore from value-added tax (VAT) and cess on petrol, diesel, CNG and PNG in the last two years, the state legislative Assembly was informed on Monday.

Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.

Just a day after central government announced reduction in excise duty on petrol and diesel, Maharashtra government has gone on to reduce VAT on petrol by Rs. 2.08 and on diesel by Rs. 1.44.

The average price of crude oil (Indian basket) in May so far (till May 19) has remained high at $107.26 per barrel

Fuel Prices Cut: Senior Congress leader P Chidambaram today said 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.

Petrol, Diesel Prices Today: Fuel prices came down after Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol and diesel

The Rajasthan government on Saturday reduced value-added tax (VAT) on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre, following the reduction of excise duty by the Centre.

Finance Minister urged all state governments, especially those which had not reduced excise duty on November 4, 2021, to also implement a similar cut