Govt cut Windfall profit tax on crude oil & diesel; Will fuel rates come down?--Read here
The government has also cut the tax on the export of diesel to Rs 5 per litre from Rs 8 and the same on overseas shipments of ATF to Rs 1.5 a litre from Rs 5.
Dec 16, 2022, 11:57 AM ISTGovt cuts windfall tax on crude oil, hikes for aviation fuel, diesel
A tax levied on an unforeseen or unexpectedly large profit is called a windfall tax.The notification containing the revised tax structure shall come into force immediately from today.
Nov 02, 2022, 14:13 PM IST