Madhya Pradesh: 98 per cent hike in Quarter 1 petrol VAT revenue

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Revenue earned by the government in the form of VAT on petrol in the first quarter of this financial year is 98.92 per cent more than last year’s first quarter.

Rise in VAT collection on petrol was more than the collective rise of diesel and petrol, which is 51.68 per cent and 40.54 per cent more respectively this year in comparison to last year’s first quarter.

In reply to a question in the state assembly on Tuesday, Finance Minister Jagdish Devda said, in 2020-21 till June, VAT of Rs 519.68 crore was collected on petrol, Rs 920.00 crore on diesel and Rs 107.93 was collected as VAT from liquor.

Source
ET Energy World
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