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Govt hikes windfall tax on crude petroleum, diesel; applicable from Aug 1

31 Jul 2023
India
Govt hikes windfall tax on crude petroleum, diesel; applicable from Aug 1
It has also increased the windfall tax on diesel to Re.1 per litre from zero.According to a gazette notification, these changes will come into effect from August 1 onwards.The windfall tax on petrol however will continue to be at ‘nil’, the notification said.Similarly, SAED on jet fuel or aviation turbine fuel (ATF) will also continue to be at ‘nil’.Government revises windfall tax on these commodities on a fortnightly basis.--IANSans/dan

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)