15% rise in VAT revenue from petrol, diesel, CNG

In 2011-12, the cumulative income from VAT on petrol, diesel and CNG was Rs 5,561 crore.

By: Express News Service | Gandhinagar | Published:July 8, 2014 1:18 pm

The Gujarat government has generated revenue, worth Rs 7,499 crore, by levying Value Added Tax (VAT) on petrol, diesel and CNG during 2013-14, an increase of almost 15 per cent compared to last fiscal. This was informed by the state government in the Assembly while answering a query in this regard on Monday.

The state government has already stated that VAT is the major source of income for the government. At the same time, Opposition Congress has been severely criticizing the  government for not decreasing the VAT on petrol and diesel which could bring some relief to the inflation-stricken people of the state.

Replying to a question raised by Congress MLA from Viramgam, Tejashree Patel, the government stated that it levies VAT of 23 per cent on petrol, 21 per cent on diesel and 15 per cent on CNG.

In 2011-12, the cumulative income from VAT on petrol, diesel and CNG was Rs 5,561 crore. The figure has increased by 15 per cent compared to 2012-13 when the income was recorded at Rs 6,442 crore.

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