Petrol, diesel get costlier in Rajasthan, VAT hiked Premium Earlier this month, the central government had hiked excise duty on petrol, diesel. 1 min read. Updated: 22 Mar 2020, 12:31 PM IST Agencies

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Excise duty: On petrol, the duty levied is Rs 32.98 a litre, while on diesel it is Rs 31.83 per litre. VAT: It varies from state to state, with Madhya Pradesh, Kerala, Rajasthan, Karnataka levying over 30 per cent VAT — the highest among states.

The state owned companies have been asked 2020-05-06 2020-05-06 2021-01-17 1 day ago Excise duty was raised by Rs 13 and Rs 16 per litre on petrol and diesel between March 2020 and May 2020, and now stands at Rs 31.8 on diesel and Rs 3.. 2020-12-11 The government had cut excise duty by Rs 2 in October 2017, and by Rs 1.50 a year later. But, it raised excise duty by Rs 2 per litre in July 2019. It again raised excise duty on March 2020, by Rs Excise Duty on Petrol: Rs 9.20 per Litre: Rs 21.48 per Litre: Rs 32.9 per Litre (incl. Road Cess) Excise Duty on Diesel: Rs 3.46 per Litre: Rs 17.33 per Litre: Rs 31.8 per Litre (incl. Road Cess) VAT on Basic Price on Petrol: 20% on Basic Price: 27% on Basic Price: 30% VAT: VAT on Basic Price on Diesel: 12.5% on Basic Price: 16.75% on Diesel + 25p Cess 2020-07-15 2021-02-24 2020-03-14 The latest revision of excise duty was on 06 May’2020 when the Central Government announced another major hike in the Central excise duty with an increase of ₹ 10 on petrol and ₹13 on diesel.

Excise duty on petrol in india

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Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.Special excise duty on petrol was

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The government had on March 14 raised excise duty on petrol and diesel by Rs 3 per litre each. This excise duty hike was expected to raise an additional Rs 39,000 crore in revenue annually. This

Excise duty on petrol in india

The government had between November 2014 and January 2016, Types of excise duty in India. Before GST kicked in, there were three kinds of excise duties in India. Basic Excise Duty. Basic excise duty is also known as the Central Value Added Tax (CENVAT). This category of excise duty was levied on goods that were classified under the first schedule of the Central Excise Tariff Act, 1985. This duty was For instance, in Delhi, the base price for a litre of petrol was Rs 29.34 as of February 1, 2021. Oil marketing companies charge the dealer Rs 29.71 a litre.

Excise duty on petrol in india

The excise tax on petrol was Rs 9.48 per litre when the Modi government took office in 2014, and that on diesel was Rs 3.56 a litre. The government had between November 2014 and January 2016, 2020-05-06 · The excise tax on petrol was Rs 9.48 per litre when the Narendra Modi government took office in 2014 and that on diesel was Rs 3.56 a litre. The government had between November 2014 and January Excise Duty on Petrol: Rs 9.20 per Litre: Rs 21.48 per Litre: Rs 32.9 per Litre (incl. Road Cess) Excise Duty on Diesel: Rs 3.46 per Litre: Rs 17.33 per Litre: Rs 31.8 per Litre (incl. Road Cess) VAT on Basic Price on Petrol: 20% on Basic Price: 27% on Basic Price: 30% VAT: VAT on Basic Price on Diesel: 12.5% on Basic Price: 16.75% on Diesel + 25p Cess Dealer’s commission is Rs 2.53 per litre on diesel against Rs 3.65 on petrol.
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Excise duty on petrol in india

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Mar 3, 2021 Excise duty was raised by Rs 13 and Rs 16 per litre on petrol and diesel between March 2020 and May 2020, and now stands at Rs 31.8 on 

legal adviser, independent financial adviser, or tax adviser for legal, financial or tax advice. marine fuel) spills and other pollution incidents. While However, the Covid-19 pandemic has significantly decreased Indian coal. av P Kågeson · Citerat av 1 — regulation is particularly strong when tax resistance makes it difficult or impossible to raise fuel taxes.

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Out of this, a whopping Rs 53.51 is because of VAT (value-added tax) and excise duty. Source: Indian Oil 2017-09-09 2020-03-14 2020-05-06 Finmin not for cut in excise duty on petrol, diesel.

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