images
add

UP refuses to slash VAT on petrol

By jpgupta |

6th July 2012

The government says any move to slash VAT will disturb the financial structure of the state

Lucknow: Chances of petrol prices being slashed in Uttar Pradesh have dimmed as the state government has declined to reduce its Value Added Tax (VAT).

“The tax system in the state was structured keeping in mind its financial needs, and hence it need not be disturbed,” Chief Minister Akhilesh Yadav told the State Assembly on Tuesday.

Legislators had demanded the state government follow the Congress-ruled states like Kerala, Uttarakhand and Delhi, which have reduced the VAT, bringing down the petrol prices.

There is 17.23 per cent VAT on diesel and 26.55 per cent VAT on petrol in Uttar Pradesh, reports IANS.

The Congress said the hike in petrol price was forced by the volatile situation in international oil market and that the state governments could cut the VAT to bring down the price.
 

comments powered by Disqus
Take prompt action on complaints received on e-mail...

Some of the departments were not taking the public grievances received on email seriously...

PM launches Jan Dhan scheme to combat financial...

Scheme will cover 7.5 crore people by January 26, 2015

Helmets mandatory for women riders except Sikh...

Government amended the rule 115 of Delhi Motor Vehicles Rules, 1993

latest opinion

Visualising Intelligence – Using Analytics to...

Sudipta K Sen

Regional Director South East Asia, Vice Chairman and Board Member , SAS India
MERGING NPR and UID ???

Rajesh Aggarwal

Principal Secretary, Information Technology , Government of Maharashtra

events

igov-sas-banner-delhi-300px-x-200px
GAIS - 2014

Government Analytics & Information Summit focuses on knowledge sharing and discussions around helping Indian...

survey & reports

add
/* 768_menu */
close