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State Govt reduce tax on diesel, motor spirit by over 3%

petrol dealers

Dimapur, October 17: The Government of Nagaland has slashed tax on diesel by 3.5% and motor spirit by 3.12% with from the midnight of 6th October, 2018.
A notification issued by the State Finance Department said the reduction in tax was done in exercise of powers conferred by sub section 3 of Section 3A of the Nagaland (Sales of Petroleum and Petroleum Products including Motor Spirit and Lubricants) Taxation Act 1967 (as amended).
SI. No. Description         Existing rate of tax     Amended rate  of tax
1. Diesel                                      13.5%                              10%
2. Motor Spirit                          23.5%                             20.38%
(Page News Service)

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