Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Rajasthan govt announces 2 pc reduction in VAT on petrol and diesel

Rajasthan govt announces 2 pc reduction in VAT on petrol and diesel

Photo Credit :

Jaipur (Rajasthan) [India], January 29 (ANI): The Rajasthan government has reduced the value-added tax (VAT) by 2 per cent both on petrol and diesel, announced Chief Minister Ashok Gehlot on Friday.
Gehlot also urged the Central government for a reduction in VAT.
"The State govt has reduced VAT by 2% both on petrol & diesel to provide relief to people in #Rajasthan. We expect the central govt would announce a reduction too so that financial burden on common people is reduced," Gehlot tweeted.
For the last three days, petrol is being sold at Rs 93.94 Per Litre and diesel at Rs 86.02 Per Litre in Jaipur.
A value-added tax (VAT) is a type of indirect tax levied on a product whenever value is added at each stage of the supply chain, from production to the point of sale
Rates differ from state to state depending on the incidence of value-added tax (VAT). (ANI)

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Tags assigned to this article:
Rajasthan Government vat petrol diesel jaipur

ANI

ANI

More From The Author >>