News Karnataka
Friday, August 12 2022
Telangana

35.2% VAT on petrol in Telangana, 27% on diesel

Inflation Petrol diesel prices up Re 080 ltr after more than 4 months
Photo Credit : IANS

Hyderabad: The Value Added Tax (VAT) on petrol in Telangana is 35.2 per cent while it is 27 per cent on diesel.

However, the state government has rejected demands to reduce VAT saying it did not hike the tax in last seven years.

The Telangana Rashtra Samithi (TRS) government has been demanding that the Central government should reduce the cesses which it increased indiscriminately since 2014. The state government says that this will reduce fuel price by 30 per cent.

After Prime Minister Narendra Modi on Wednesday asked opposition-ruled states to cut VAT, state minister and TRS Working {resident K. T. Rama Rao hit back, blaming Modi government for fuel price hike.

“Fuel prices have shot up because of NPA Central govt,” he tweeted dubbing National Democratic Alliance (NDA) as Non-Performing Alliance (NPA).

“Name-calling states for not reducing VAT even though we never increased it; is this the co-operative federalism you’re talking about Narendramodi ji,” KTR asked.

He said that Telangana hasn’t increased VAT on fuel since 2014 and rounded off only once.

“We don’t get 41 per cent of our rightful share because of the Cess imposed by your govt. In the form of Cess you are looting 11.4 per cent from the state & we are getting only 29.6 per cent for FY23,” he said.

“Please scrap Cess so we can give Petrol at Rs 70 & Diesel at Rs 60 all over India. One Nation – One Price?,” he added.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.