Jharkhand petrol pumps shut demanding lower VAT

Image
IANS Ranchi
Last Updated : Oct 01 2018 | 3:40 PM IST

Around 1,200 petrol pumps were shut across Jharkhand on Monday for 12 hours in support of demands for a lower Value Added Tax (VAT).

The Jharkhand Petroleum Dealers Association said the sale of diesel had fallen due to rising prices.

"When the BJP government took charge in Jharkhand, the VAT was 18 per cent on petrol and diesel which has been increased to 22 per cent. The diesel sale has fallen by up to 25 per cent in the state," Shashi Bhushan Rai, an Association member, told IANS.

"Besides, a Re 1 per litre cess is collected by the government. If the VAT is decreased to 18 per cent, then sales will rise and the government too will benefit."

--IANS

ns/ksk/mr

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 01 2018 | 3:32 PM IST

Next Story