1. Delhi govt mulls VAT cut on diesel

Delhi govt mulls VAT cut on diesel

The Delhi government is contemplating to reduce Value Added Tax (VAT) on diesel from 18 per cent to 16.6 per cent due to which the price of diesel may come down by around 60 paisa per litre.

By: | New Delhi | Published: April 17, 2016 5:30 AM

The Delhi government is contemplating to reduce Value Added Tax (VAT) on diesel from 18 per cent to 16.6 per cent due to which the price of diesel may come down by around 60 paisa per litre.

The move is intended to take VAT on diesel, in the national capital, at par with that in Haryana. Government may soon issue a notification in this regard.

“Government is planning to bring down VAT rate on diesel from 18 per cent to 16.6 per cent,” a sources said, adding, it may lead to a cut of 60 paise per litre.

In 2016-17, the Delhi government had standarised VAT on different items in order to bring parity with neighbouring states – Haryana and Uttar Pradesh.

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