September 20, 2024

The World Opinion

Your Global Perspective

Gujarat government cuts VAT on CNG & PNG, to provide two cylinders loose to Ujjwala beneficiaries 

By means of PTI

GANDHINAGAR: Forward of Diwali, the Gujarat executive on Monday introduced a discount in VAT (Price Added Tax) on CNG and PNG via 10 according to cent and mentioned two cooking gasoline cylinders might be given loose annually to 38 lakh beneficiaries who’ve were given gasoline connections underneath the Centre’s Ujjwala scheme.

The aid in VAT on CNG (compressed herbal gasoline), PNG (piped herbal gasoline) and two loose liquefied petroleum gasoline (LPG) cylinders to Ujjwala scheme beneficiaries annually, which can value the state exchequer altogether Rs 1,650 crore, come at a time when Meeting polls are only a few month away in Gujarat.

“Our executive has decreased VAT on CNG and PNG via 10 according to cent. This may assist homemaker girls, auto-rickshaw drivers and all those that are the use of CNG-run automobiles,” state minister Jitu Vaghani mentioned.

VAT on CNG and PNG (utilized by families in kitchens) in Gujarat used to be 15 according to cent and now the tax fee will come down to 5 according to cent, trade assets mentioned.

This may cut back CNG costs via Rs 6 according to kg and PNG charges via Rs 5 according to same old cubic metre, he mentioned, including the state executive will lose over Rs 1,000 crore in income with this tax minimize.

“Round 38 lakh households were given LPG connections underneath the Ujjwala scheme. The state executive has determined to supply two gasoline cylinders to each and every of those households according to yr. This may value the federal government Rs 650 crore according to yr,” he mentioned.

“This LPG subsidy will achieve the account of the beneficiary inside 3 days of acquire of cylinder,” he mentioned.

GANDHINAGAR: Forward of Diwali, the Gujarat executive on Monday introduced a discount in VAT (Price Added Tax) on CNG and PNG via 10 according to cent and mentioned two cooking gasoline cylinders might be given loose annually to 38 lakh beneficiaries who’ve were given gasoline connections underneath the Centre’s Ujjwala scheme.

The aid in VAT on CNG (compressed herbal gasoline), PNG (piped herbal gasoline) and two loose liquefied petroleum gasoline (LPG) cylinders to Ujjwala scheme beneficiaries annually, which can value the state exchequer altogether Rs 1,650 crore, come at a time when Meeting polls are only a few month away in Gujarat.

“Our executive has decreased VAT on CNG and PNG via 10 according to cent. This may assist homemaker girls, auto-rickshaw drivers and all those that are the use of CNG-run automobiles,” state minister Jitu Vaghani mentioned.

VAT on CNG and PNG (utilized by families in kitchens) in Gujarat used to be 15 according to cent and now the tax fee will come down to 5 according to cent, trade assets mentioned.

This may cut back CNG costs via Rs 6 according to kg and PNG charges via Rs 5 according to same old cubic metre, he mentioned, including the state executive will lose over Rs 1,000 crore in income with this tax minimize.

“Round 38 lakh households were given LPG connections underneath the Ujjwala scheme. The state executive has determined to supply two gasoline cylinders to each and every of those households according to yr. This may value the federal government Rs 650 crore according to yr,” he mentioned.

“This LPG subsidy will achieve the account of the beneficiary inside 3 days of acquire of cylinder,” he mentioned.