{"id":70028,"date":"2016-06-01T11:37:58","date_gmt":"2016-06-01T11:37:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=70028"},"modified":"2016-06-01T11:37:58","modified_gmt":"2016-06-01T11:37:58","slug":"goa-govt-to-reduce-vat-on-petrol-as-price-goes-up","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/goa-govt-to-reduce-vat-on-petrol-as-price-goes-up\/","title":{"rendered":"Goa govt to reduce VAT on petrol as price goes up"},"content":{"rendered":"<p>Goa government on Wednesday said it will reduce VAT on petrol following the increase in its prices.<\/p>\n<p>&#8220;We had promised in our budget that we will not allow the petrol prices in Goa to exceed Rs 60 per litre,&#8221; Chief Minister Laxmikant Parsekar told PTI.<\/p>\n<p>&#8220;Since the increase in prices announced last night has taken it above Rs 60 per litre, we would reduce the VAT on it to bring it (price) down,&#8221; he said.<\/p>\n<p>&#8220;The exact quantum of reduction in taxes would be decided by state Commercial Taxes Department,&#8221; Parsekar said.<\/p>\n<p>After the price hike on Tuesday, the petrol is costing Rs 62 per litre across the state.<\/p>\n<p>The BJP-led state government, after assuming power in 2012, had abolished the value added tax (VAT) on petrol, bringing the price down by Rs 11 per litre.<\/p>\n<p>The state government later rolled back the abolition and 22% VAT was announced in state budget 2016-17 with a promise that the prices would be kept below Rs 60 per litre.<\/p>\n<p>In May this year, the state government reduced the VAT by 2% to control the price hike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goa government on Wednesday said it will reduce VAT on petrol following the increase in its prices. &#8220;We had promised in our budget that we will not allow the petrol prices in Goa to exceed Rs 60 per litre,&#8221; Chief Minister Laxmikant Parsekar told PTI. &#8220;Since the increase in prices announced last night has taken it above Rs 60 per litre, we would reduce the VAT on it to bring it (price) down,&#8221; he said. &#8220;The exact quantum of reduction in taxes would be decided by state Commercial Taxes Department,&#8221; Parsekar said. After the price hike on Tuesday, the petrol [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-70028","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/70028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=70028"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/70028\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=70028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=70028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=70028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}