 "Chhattisgarh govt announces reduction of VAT on petrol, diesel")
The Chhattisgarh government on Monday decided to reduce Value Added Tax (VAT) on petrol and diesel by 1 per cent and 2 per cent, respectively.
This decision was taken during the cabinet meeting chaired by Chief Minister Bhupesh Baghel, a government official said.
The move will cause a loss of nearly Rs 1,000 crore to the state exchequer.
Providing major relief to the people of the state. Chief Minister Bhupesh Baghel-led cabinet has decided to cut the prices of petrol and diesel. VAT on diesel and petrol has been reduced by 2 per cent and 1 per cent respectively. The state government will bear the loss of about Rs 1,000 cr.. the Chief Minister's Office (CMO) tweeted.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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