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Petroleum Minister Dharmendra Pradhan appeal to Odisha Government reduce VAT on Petrol and Diseal

in State News October 4, 2017 Comments Off on Petroleum Minister Dharmendra Pradhan appeal to Odisha Government reduce VAT on Petrol and Diseal 913 Views

New Delhi/Bhubaneswar:4/10/17: The Centre urged states to cut sales tax or VAT on petrol and diesel by 5 percent to provide relief to consumers a day after it cut excise duty by Rs 2 per litre, sacrificing Rs 26,000 crore in revenue.

Petroleum Minister Dharmendra Pradhan said Finance Minister Arun Jaitley will soon write to all state chief ministers urging them to cut VAT on petrol and diesel.

We have proactively cut excise duty by Rs 2 per litre, sacrificing Rs 26,000 crore in revenue. Now it’s the turn of states to reduce VAT, said Dharmendra Pradhan.

Unlike the Centre, states levy VAT as an ad valorem duty which rises every time there is an increase in price.

“States are the biggest beneficiary and get all of the VAT collection plus 42 percent of the central excise collections,” Pradhan said

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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