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Rajasthan government reduced VAT on petrol & diesel

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

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.

Source: Social Media

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 a 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).

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Digpu News Staff

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