https://www.taxtmi.com/news?id=23558 A sharp increase in central excise duty on petrol and diesel in March and May 2020 produced a 48% rise in excise receipts during April-November 2020 despite lower fuel sales; excise (central) and VAT (state) continue to apply to oil products excluded from GST, with ad valorem levies on some products and per unit hikes directly increasing per litre incidence and central mop up. en-us Mon, 18 Jan 2021 09:56:19 +0530 Mon, 18 Jan 2021 09:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23558 A sharp increase in central excise duty on petrol and diesel in March and May 2020 produced a 48% rise in excise receipts during April-November 2020 despite lower fuel sales; excise (central) and VAT (state) continue to apply to oil products excluded from GST, with ad valorem levies on some products and per unit hikes directly increasing per litre incidence and central mop up. News - Mon, 18 Jan 2021 09:56:19 +0530 https://www.taxtmi.com/news?id=23558