Meghalaya govt cuts VAT on fuel by Rs 5.20 per litre after excise duty cut

The Meghalaya Democratic Alliance government on Friday announced a reduction in the value-added tax (VAT) on petrol and diesel by Rs 5.20 per litre each.

Addressing reporters after a Cabinet meeting, Deputy Chief Minister Prestone Tynsong said, the state government in February this year had already slashed VAT on petrol from 31.62 per cent or Rs 17.60 per litre to 20 per cent, and from 22.59 per cent or Rs 12.50 per litre to 12 per cent on diesel.

With today’s decision, we have further reduced the tax percentage on petrol from 20 per cent to 13.5 percent per litre and from 12 per cent to 5 per cent per litre for diesel. The amount, if converted to cash, comes to Rs 5.20 per litre for both petrol and diesel.