Maharashtra govt slashes VAT on CNG from 13.5% to 3%
Compressed Natural Gas (CNG) in Maharashtra will become cheaper with the state government Saturday taking a decision to reduce the Value Added Tax (VAT) from 13.5 per cent to three per cent from April 1.
The decision was taken by Deputy Chief Minister and Finance Minister Ajit Pawar. The huge reduction in CNG rates will benefit the common man travelling in taxis and auto-rickshaws that use CNG as a fuel.
The government’s emphasis to bring down CNG prices is also oriented towards promoting greater use of transports that are environment-friendly. CNG is perceived as more environmentally-friendly as compared to diesel and petrol.
