India News | Chandigarh Cuts VAT on Petrol, Diesel
Get latest articles and stories on India at LatestLY. After the Centre reduced the excise duty on fuel, Chandigarh Administration on Thursday announced a reduction in VAT by Rs 7 on petrol and diesel with effect from midnight of November 4.
Chandigarh [India], November 5 (ANI): After the Centre reduced the excise duty on fuel, Chandigarh Administration on Thursday announced a reduction in VAT by Rs 7 on petrol and diesel with effect from midnight of November 4.
A notification issued by the Department of Excise and Taxation of Union Territory Chandigarh, yesterday said that the VAT percentage on petrol has been reduced from 22.45 per to 15.24 per cent and that on diesel from 14.02 per cent to 6.66 per cent.
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In relief to consumers, the Finance Ministry on Wednesday announced a Rs 5 per litre cut in excise duty on petrol and a Rs 10 per litre cut in excise duty on diesel.
Amid record-high fuel prices, this is the first cut in central excise duties in over three years. (ANI)
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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)