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)