Raipur | Jagran Business Desk: Petrol and diesel prices have been cut in the state of Chhattisgarh with immediate effect, as the Bhupesh Baghel government announced the cut in VAT rates. The Value Added Tax (VAT) on petrol has been decreased by 1 per cent in the state whereas the VAT on diesel has been decreased by 2 per cent.
#Chhattisgarh Government announces a 2% reduction in VAT on diesel and 1% reduction on petrol. The govt will incur a loss of around Rs 1000 crores: @ChhattisgarhCMO #FuelPrices @bhupeshbaghel pic.twitter.com/oBfkHte9Y1— Jagran English (@JagranEnglish) November 22, 2021
#CabinetUpdates— CMO Chhattisgarh (@ChhattisgarhCMO) November 22, 2021
मुख्यमंत्री श्री @bhupeshbaghel द्वारा #छत्तीसगढ़ की जनता को बड़ी राहत देते हुए कैबिनेट में लिए गए महत्वपूर्ण निर्णय -
🔻पेट्रोल में VAT पर 1% की कमी की गयी
🔻 राज्य सरकार वहन करेगी लगभग रु. 1000 करोड़ का घाटा (2/2)
In the cabinet meeting of Chhattisgarh government, the decision was taken to decrease the VAT rates of petrol by 1 per cent. “The state government will bear the loss of Rs 1,000 Crore,” Chief Minister Office of Chhattisgarh informed in a tweet in Hindi.
The central government on November 3 had reduced the excise duty on petrol and diesel by ₹5 and ₹10 respectively and also urged the states to reduce VAT to give further relief to consumers all across the country
Following the announcements on reduction of excise duty on petrol and diesel, majority of the states, other than Maharashtra, NCT of Delhi, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand, have reduced the VAT rates as well to give further relief to consumers. Chhattisgarh on Monday became the latest state to reduce VAT rates.
Posted By: Mukul Sharma