Gandhinagar, October 17: Forward of Diwali, the Gujarat authorities on Monday introduced a discount in VAT (Worth Added Tax) on CNG and PNG by 10 per cent and mentioned two cooking fuel cylinders will likely be given free yearly to 38 lakh beneficiaries who have gotten fuel connections underneath the Centre’s Ujjwala scheme.
The discount in VAT on CNG (compressed pure fuel), PNG (piped pure fuel) and two free liquefied petroleum fuel (LPG) cylinders to Ujjwala scheme beneficiaries yearly, which is able to value the state exchequer altogether Rs 1,650 crore, come at a time when Meeting polls are only a few month away in Gujarat. CNG, PNG Costs To Fall in Gujarat As State Authorities Reduces VAT by 10% Forward of Meeting Elections.
(*2*) state minister Jitu Vaghani mentioned. Aviation Minister Jyotiraditya Scindia Urges Maharashtra Govt to Scale back VAT on Air Turbine Gasoline.
VAT on CNG and PNG (used by households in kitchens) in Gujarat was 15 per cent and now the tax price will come down to 5 per cent, business sources mentioned.
It will cut back CNG costs by Rs 6 per kg and PNG charges by Rs 5 per customary cubic metre, he mentioned, including the state authorities will lose over Rs 1,000 crore in income with this tax lower.
“Around 38 lakh families have been given LPG connections under the Ujjwala scheme. The state government has decided to provide two gas cylinders to each of these families per year. This will cost the government Rs 650 crore per year,” he mentioned.
“This LPG subsidy will reach the account of the beneficiary within three days of purchase of cylinder,” he mentioned.
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