Trusted News Discovery Since 2008
{{/content}}
Centre, state govts should reduce VAT, excise amount for petrol: All India Petroleum Dealers Association
Video Credit: ANI
Published on February 11, 2021 - Duration: 02:26s
Centre, state govts should reduce VAT, excise amount for petrol: All India Petroleum Dealers Association
On increased petrol prices, president of All India Petroleum Dealers Association, Ajay Bansal said, "Whenever there is an increase in prices of crude oil, petrol and diesel, government give concession in excise to adjust prices.
Both Central and State governments should reduce VAT and excise amount.
Currently, 70% of petrol rate is tax.
Under one nation one rate, GST should be picked up by both State and Central government.
There is around 65-70% tax on petroleum.
Even if GST is kept in the highest slab of 28%, there will be huge reduction in petrol price."
You are here
💡 newsR Knowledge: Other News Mentions
Goods and Services Tax (India)
About G.S.T
In a post on X, Jairam said, "More than 40% of the wealth created in the country from 2012 to 2021 has gone to just 1 per cent of the population. About 64% of..
Credit: IndiaTimes - Published 1 day ago
Related videos from verified sources
Fuel prices continue to burn a hole in people's pockets, when will they come down?| Oneindia News 01:25
Video credit: Oneindia - Published on February 28, 2021
Petroleum Minister: Fuel price will decrease by the end of winter | Oneindia News 02:49
Video credit: Oneindia - Published on February 26, 2021
It's a 'dharam sankat': FM Sitharaman on reducing fuel prices 02:07
Video credit: ANI - Published on February 25, 2021