Meghalaya govt cuts VAT on fuel by Rs 5.20 per litre following excise duty cut
Shillong, November 5: The Meghalaya Democratic Alliance government on Friday announced a reduction in the value-added tax (VAT) on petrol and diesel by Rs 5.20 per litre each. Addressing reporters after a Cabinet meeting, Deputy Chief Minister Prestone Tynsong said, the state government in February this year had already slashed VAT on petrol from 31.62% or Rs 17.60 per litre to 20%, and from 22.59% or Rs 12.50 per litre to 12% on diesel.With today's decision, we have further reduced the tax percentage on petrol from 20% to 13.5% per...
