What is the VAT rate on diesel in Gujarat?
What is the VAT rate on diesel in Gujarat?
State Taxes and Diesel Price in Gujarat Currently the Gujarat government levies 25% VAT on diesel effective from 10 October 2017.
What was the VAT rate in 2013?
20%
VAT Rates 2013/14
| From 1 April 2013 | |
|---|---|
| Standard rate | 20% |
| Standard rate VAT fraction | 1/6 |
| Reduced rate | 5% |
| Reduced rate VAT fraction | 1/21 |
When was VAT removed in India?
The Goods and Services Tax (GST), which has replaced the Central and State indirect taxes such as VAT, excise duty and service tax, was implemented from 1st July 2017. In this article, you can understand the differences between VAT and GST and their implications.
What is the rate of VAT?
VAT rates for goods and services
| % of VAT | What the rate applies to | |
|---|---|---|
| Standard rate | 20% | Most goods and services |
| Reduced rate | 5% | Some goods and services, eg children’s car seats and home energy |
| Zero rate | 0% | Zero-rated goods and services, eg most food and children’s clothes |
What is the tax on petrol in Gujarat?
Tax Rates on Petrol in Gujarat Each and every state in the country levy a separate tax rate on the fuel prices. It usually differs from one state to another state. In Gujarat, the state government has imposed a state-based value added tax which currently stands at 25.45%.
What is the tax on 1 litre of petrol in Gujarat?
Petrol and Diesel Prices
| State/UT | Petrol |
|---|---|
| Gujarat | 20.1% VAT+ 4% Cess on Town Rate & VAT |
| Haryana | 25% or Rs.15.62/litre whichever is higher as VAT+5% additional tax on VAT |
| Himachal Pradesh | 25% or Rs 15.50/Litre- whichever is higher |
| Jammu & Kashmir | 24% MST+ Rs.5/Litre employment cess, Reduction of Rs.0.50/Litre |
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