vat: Amid calls to reduce VAT on petrol and diesel, Gehlot asks Centre to further lower excise on them | India News

JAIPUR: Refusing to lower the state’s VAT on petrol and diesel in the wake of the Centre cutting the excise on two fuels by Rs 5 and Rs 10 respectively, Rajasthan Chief Minister Ashok Gehlot on Saturday said the Union government should further reduce the excise duty on them.
The reduction of the central excise will automatically lead to the lowering of the state’s VAT collection, Gehlot argued, amid the Opposition BJP demand to the state government to lower the VAT on two fuels.
Gehlot made the assertion amid various non-BJP-ruled states refusing to slash the VAT to further lower the fuel prices in the wake of the Centre reducing its excise duty on petrol and diesel with various BJP-ruled states too slashing the VAT on them.
Gehlot argued that the state governments levy VAT on the revenue collected by the Central government in the form of Additional Excise Duty, Special Excise Duty…

Source link



Please enter your comment!
Please enter your name here