Search

Odisha Raised Rs 5,571 Cr VAT from Petrol, Diesel in 2018-19

Wednesday, July 31, 2019
14
Separator
14
Separator
23
Separator
5
Separator
Print Print Email Email
News Content Image

The Odisha government has collected Rs 5,571.34 crore Value Added Tax (VAT) from petrol and diesel in the financial year 2018-19, said a Minister on Wednesday.

Replying to a question from Congress MLA Suresh Kumar Routray, Food and Consumer Affairs Minister Ranendra Pratap Swain told the state Assembly that Rs 1,082.64 crore VAT had been collected from the two items in 2019-20 (up to June 2019).

While Rs 317 crore has been collected as VAT from petrol in 2019-20, Rs 765.64 crore has been collected from diesel, the Minister said.

In 2018-19, Rs 5,571.34 crore VAT was collected from petrol and diesel. While the collection was Rs 4,042.56 crore from VAT on diesel, the total VAT collected on petrol in 2018-19 was 1,528.78 crore, Swain informed the Assembly.

The Minister also said that the state government has not increased VAT on petrol and diesel since January 2016 to keep the prices of petrol and diesel stable.

Read More News:

CCD Founder Siddhartha Dead, Body Found in Karnataka River

Truecaller Bug Covertly Signs Up Indians for UPI Account Amid Hacking Fears

 


Source: IANS
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Previous
Next