New Delhi:
Windfall tax: The government gave Rs 0.50 per share, taking a shot at windfall profit tax (windfall tax cut) on diesel’s look (export tax). Along with this, the tax on ATF related to aviation fuel has been reduced to zero. This information was given by the government in an order on Friday night. Along with this, it has also been decided to increase the duty on domestically produced chart oil (domestic crude oil).
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According to this order, oil and natural gas companies have increased the duty on chart oil production of oil providers like ONGC (ONGC) from Rs 4,350 per tonne to Rs 4,400 per tonne. The new moments have come into effect from March 4. The government had imposed windfall profit tax on oil companies for the first time in July last year.
The government has also shot at the tax imposed on hide-and-seek. After which the looker tax of diesel has been reduced from Rs 2.5 per liter to Rs 0.5 per litre. This is the minimum windfall tax (windfall tax) that looks like diesel. Apart from this, the stake on jet fuel being stuck has been reduced from Rs 1.50 per liter to zero.
This is the second time in a fortnight that a tax cut has been imposed on domestic fuel. Prior to this, on February 16, there was also a choice in the cess tax on fuels, in fact, every fortnight these tax rates are reviewed and revised. The windfall profit tax rating changes based on the average price of the chart oil for the last two weeks.
Let us tell you that jet oil extracted from land and sea is refined and converted into different fuels like gas, diesel and air jet fuel.
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