Tax on petrol and diesel in india
melvin (article) (30 Points)
22 June 2016
what is the rate/amount of different taxes included in Petrol and diesel selling price
2 Replies
Harshit Kabra (INVESTOR)
(Student CA final)
(1113 Points)
Replied 23 June 2016
Dear frnd,
Currently, the additional and special excise duty on petrol is Rs 12 compared to the Rs 6 imposed on diesel. That along with difference in the value added tax (VAT) imposed by the state governments is the reason why diesel is cheaper than petrol, even after all subsidies on both fuels were scrapped. The value added tax on petrol in Delhi, for instance, is 25 per cent. In contrast, the VAT on diesel is only 16.6 per cent.
hope this will help u
Be free to contact for further query !
thnku
Currently, the additional and special excise duty on petrol is Rs 12 compared to the Rs 6 imposed on diesel. That along with difference in the value added tax (VAT) imposed by the state governments is the reason why diesel is cheaper than petrol, even after all subsidies on both fuels were scrapped. The value added tax on petrol in Delhi, for instance, is 25 per cent. In contrast, the VAT on diesel is only 16.6 per cent.
hope this will help u
Be free to contact for further query !
thnku
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