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Home JAMMU

Govt. reduces rate of tax, cess on Petrol, diesel oil

Kashmir Dot Com by Kashmir Dot Com
November 4, 2021
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Govt. reduces rate of tax, cess on Petrol, diesel oil
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Srinagar,, Nov 04, KDC: In a significant decision, the Government today reduced the rate of tax and cess on Motor Spirit (petrol) and Diesel oil from today.

A notification issued in this regard said, “In exercise of the powers conferred by Section 3 and 3A of the Jammu and Kashmir Motor Spirit and Diesel oil (Taxation of Sales) Act, Samvat 2005 and in supersession of all the previous notifications on the subject, the government hereby direct that tax and cess on sale of Motor Spirit (petrol) and Diesel oil shall .be levied at the rate as shown against each in column 3 and 4 of the table given below:

S.NoName of the CommodityRate of TaxCess
1234
1Motor Spirit (petrol)24% minus

Rs. 4.5/litre

Rs. 2/litre
2Diesel oil16% minus

Rs. 6.5/litre

Rs. 1/litre
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