Jharkhand cuts VAT on diesel, silent on petrol

Image
IANS Ranchi
Last Updated : Oct 04 2018 | 6:40 PM IST

After the Central government on Thursday announced a cut of Rs 2.50 excise duty on a litre of petrol and diesel, the Jharkhand government also announced to slash VAT on diesel by Rs 2.5 per litre, effectively making it cheaper by Rs 5 in the state.

"Jharkhand Chief Minister Raghubar Das has asked to reduce the diesel prices by Rs 2.50 per litre. Steps will be taken to implement it immediately," Jharkhand Commercial Taxes Secretary K.K. Khandewal told IANS.

However, there was no announcement on slashing of taxes on petrol.

Earlier in the day, Union Finance Minister Arun Jaitley announced to cut petrol and diesel prices by Rs 2.50 per litre and also asked the states to effect a similar cut so as to pass on a cumulative relief of Rs 5 per litre to the consumers.

In response to the Centre's call, Jharkhand Chief Minister ordered an immediate cut in VAT on prices of diesel.

October 1, the Jharkhand Petroleum and Dealers Association also shut the petrol pumps demanding reduction in VAT.

--IANS

ns/nir

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 04 2018 | 6:36 PM IST

Next Story