Four states cut tax on petro products
November 18th, 2010 - 9:42 pm ICT by IANSNew Delhi, Nov 18 (IANS) Only four states have reduced the rate of tax on petroleum, Minister of State for Petroleum and Natural Gas Jitin Prasada said Thursday.
This is despite the petroleum ministry’s appeal to state governments to rationalize the tax structure on petro products, the minister said.
In a written reply in the Lok Sabha, Prasada said the central government had asked states to shift from ad-valorem tax rates to specific tax components on the four petro products which are petrol, diesel, kerosene and cooking gas “to provide relief to the consumers”.
But the petroleum ministry has not recommended any uniform tax rate to the state governments.
Delhi was the first to reduce the VAT rate on diesel from 20 to 12.5 percent. Bihar cut its VAT on kerosene from 12.5 percent to 4 percent in July.
Goa has made substantial cuts in VAT for petrol and diesel while exempting cooking gas from it entirely. West Bengal removed the sales tax on kerosene in September.
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- States asked to lower duties on petroleum fuels - Jun 21, 2010
- BJP protests fuel price hike, demands rollback - Jun 25, 2011
- Energy subsidies unsustainable, reforms needed: Experts - Dec 13, 2011
- Goa abolishes VAT on cooking gas - Jul 14, 2010
- Fuel price hike minimal burden on common man: Government - Jul 27, 2010
- Haryana waives VAT on kerosene - Jun 26, 2011
- Government rules out rolling back fuel price hike - Jul 27, 2010
- BJP protests fuel price hike in Delhi, demands rollback (Lead) - Jun 25, 2011
- Petrol price hiked by Rs.6.28 plus taxes, industry welcomes move (Second Lead) - May 23, 2012
- Himachal reduces VAT on diesel - Jun 27, 2011
Tags: ad valorem tax, central government, four states, goa, kerosene, Lok Sabha, minister of state, New Delhi, petro products, petroleum ministry, prasada, state governments, substantial cuts, tax components, tax rate, tax rates, tax structure, uniform tax, vat rate, west bengal