SME Times News Bureau | 21 Sep, 2012
Finance Minister P. Chidambaram Friday said the government would remove customs, excise duty and value-added tax (VAT) from the sale of non-subsidised cooking gas.
Talking to reporters here, Chidambaram said duties on the sale of liquefied petroleum gas (LPG) cylinders for domestic use will be brought down to zero level in a bid to give relief to common people.
The government last week announced that it would limit the number of subsidised LPG cylinders to a family to six in a year.
With a view to cut subsidies on petroleum products, the government has also announced 12 percent increase in diesel prices.
Chidambaram welcomed Bihar government's decision to cut value-added tax on diesel.
The finance minister urged other state government's to cut taxes on LPG and diesel, to give relief to common people.
