Government withdraws VAT on CNG
June 4th, 2012 - 6:24 pm ICT by IANSNew Delhi, June 4 (IANS) Delhi Chief Minister Sheila Dikshit Monday announced a withdrawal of five percent value added tax (VAT) levied on CNG. As a result, the price of CNG in the capital will remain unchanged at Rs.35.45 a kg.
The withdrawal comes after protests from legislators from both the ruling Congress and the opposition to levy of five percent VAT on CNG.
“We consider the sentiment of people, and keeping in view their demands, we have decided to remove the VAT on Compressed Natural Gas (CNG),” Dikshit said.
Had the raise been implemented, the price of CNG would have become Rs.37.20 a kg but after Monday’s announcement it shall remain unchanged at Rs.35.45 a kg.
The levying of five percent VAT was announced by the chief minister on May 28 while presenting the budget for Delhi. The CNG powers auto-rickshaws and buses and most taxis in the capital besides a large number of private vehicles.
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- CNG prices hiked in Delhi and neighbourhood - Mar 05, 2012
- Have power to frame CNG tariff rules, regulator tells court (Lead) - May 22, 2012
- Court reserves order on CNG price cut - May 24, 2012
- No stay on regulator's order to cut gas prices in Delhi (Lead) - Apr 11, 2012
- CNG costs Rs.5.60 more a kg from midnight in Delhi (Lead) - Jun 16, 2010
- IGL raises gas prices by 0.20 paise in UP - Sep 08, 2012
- CNG prices raised Rs.2.90 a kg in Delhi - Jul 06, 2012
- CNG prices raised up to Rs.2 a kg in NCR (Lead) - Dec 30, 2011
- CNG prices raised Rs.2.90 a kg in Delhi (Lead) - Jul 06, 2012
Tags: budget, buses, chief minister, cng, compressed natural gas, congress, kg, legislators, New Delhi, opposition, powers auto, private vehicles, protests, rickshaws, sentiment, sheila dikshit, taxis, value added tax, vat