Home Business Madhya Pradesh govt reduces VAT on petrol and diesel

Madhya Pradesh govt reduces VAT on petrol and diesel

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VAT on petrol

Madhya Pradesh Government has reduced Value Added Tax, VAT on petrol and diesel. VAT on diesel has been reduced by 5% and on petrol by 3%. The Government has also eradicated surcharge on diesel, making it further cheaper by 1.5 Rupees per liter. The reductions in rates of Petrol and Diesel will be effective from midnight tonight .

This decision was taken in a meeting held by Chief Minister Shivraj Singh Chauhan. Mr Chauhan said that this step is taken to ease the burden of common man and farmers. After the meeting Finance Minister Jayant Malaiya said that today’s decision to slash VAT and Surcharge will put two thousand crore rupees extra burden on the State.

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