No VAT hike on diesel, petrol in near future: UP CM
LUCKNOW Asserting that the rate of VAT on petrol and diesel would not be raised in Uttar Pradesh in near future despite the same being one of the lowest in the country, chief minister Yogi Adityanath on Friday asked officials to collect ₹1.50 lakh crore revenue during the current financial year by identifying zone-wise potential areas.
“The state’s tax collection rose from ₹58,700 crore in 2017-18 to ₹1 lakh crore in 2021-22,” he said while holding a meeting with state tax department officials in presence of finance minister Suresh Khanna at his official residence.
“The revenue earning in the first quarter of the current financial year is ₹32,386 crore against the target of ₹31,786 crore. Though the situation is satisfactory, there is still immense potential to further increase collection,” the CM said.
