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T Govt steps back on Petrol VAT increase due to Assembly session - ABN

Tue, Mar 24, 2015, 09:25 AM
Telangana Government has increased the VAT on petrol and diesel once again in a very short period of time. The Government has increased VAT by 5 % and with this it will get another 1200 crores . This is the second hike with in three months. As per this increase, VAT on petrol will be increased from 35 to 40 while it will be from 27 to 32 on diesel. The Assembly sessions has forced to withdraw the GO released on increasing the VAT and removed it from the Government website . . . .
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