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States hold fuel VAT rates, see up to 58% rise in sales tax revenue
States experience up to 58% sales tax revenue growth from fuel VAT, despite central excise duty cuts on petrol and diesel.
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timesofindia.indiatimes.com
Amid fuel price hikes, states urged to cut VAT
NEW DELHI: The increase in pump prices by around Rs 5 a litre is only a dent to under-recovery given that oil companies are still losing Rs 13 a litre on petrol and Rs 38 on…
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thehindubusinessline.com
States hold fuel VAT rates, see up to 58% rise in sales tax revenue
States experience up to 58% sales tax revenue growth from fuel VAT, despite central excise duty cuts on petrol and diesel.
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Fuel price hikes renew focus on high state taxes on petrol and diesel
Rising petrol and diesel prices have renewed calls for states to cut fuel taxes as consumers face higher transport and inflation costs across India.