https://www.taxtmi.com/news?id=25430 The government reduced central excise duty on petrol and diesel, lowering central tax incidence and retail pump prices after accounting for other levies and state VAT. State-level VAT differences continue to produce price variation. State-owned retailers passed on the cut despite squeezed margins. Concurrently, a direct cash LPG subsidy for eligible Ujjwala beneficiaries was announced, with the Finance Ministry urging states to cut local sales tax or VAT to extend relief. en-us Mon, 23 May 2022 11:31:48 +0530 Mon, 23 May 2022 11:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25430 The government reduced central excise duty on petrol and diesel, lowering central tax incidence and retail pump prices after accounting for other levies and state VAT. State-level VAT differences continue to produce price variation. State-owned retailers passed on the cut despite squeezed margins. Concurrently, a direct cash LPG subsidy for eligible Ujjwala beneficiaries was announced, with the Finance Ministry urging states to cut local sales tax or VAT to extend relief. News - Mon, 23 May 2022 11:31:48 +0530 https://www.taxtmi.com/news?id=25430