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Odisha Govt Increased VAT Percentage on Petrol and Diesel Price


Odisha state govt increase the value added tax or VAT of three percent on petrol and diesel price. Mostly before days the value added tax is 23% but now after govt increasing the tax then its now 26%. Odisha govt at cabinet its discussed for increasing the value added tax on petrol & diesel and also cabinet directed finance department for increasing of vat. As per the information of increasing the value added tax then the petrol and diesel price will increasing. The cabinet is authorize for increasing the VAT percentage on 31st December 2015.

Mostly now a days petrol & diesel price of crude oil is decreasing at international market. As per the report state govt is losses around Rs 417 crore form last year but now for increasing the value added tax Odisha govt going to recover the loss. After for increasing the value added tax, many political party members are said many things against increasing of VAT percentage. Also after increase of VAT percentage on petrol & diesel price this will affecting on Odisha market.
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