• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

Chennai, June 4 Two of the Left-ruled States, West Bengal and Kerala, have decided to reduce the sales tax on petrol and diesel, to marginally reduce the impact of the price hike.

The West Bengal Government today said it will reduce the sales tax on petrol from 25 per cent to 20 per cent and on diesel from 17 per cent to 12.5 per cent. The State has said it will lose Rs 500 crore annually because of this. It gets nearly Rs 2,000 crore as tax on petrol and diesel. The State’s annual revenues from sales tax are about Rs 9,000 crore.

The Kerala Cabinet, which met today, decided to reduce the sales tax on petrol and diesel. The quantum of reduction would be decided later.

The Centre has asked all States to consider reducing sales tax.

More Stories on : Petroleum | Taxation | Kerala | West Bengal

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Achieving Sisyphean proportions

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line