Assam hikes VAT in petrol and diesel

The Government of Assam vie a Notification dated 21st April 2020 has increased the prices of petrol and diesel in the state by modifying the rates of diesel, petrol and other motor spirits mentioned in Fourth Schedule of the Assam Value Added Tax Act, 2003. This decision to increase VAT is taken to meet financial crisis emerged in the state due to the COVID-19 lockdown. These new rates come into effect from 22nd April 2020. The increased rates as per the order are-

  1. Assam VAT for diesel has been fixed at 23.66 paise in the rupee or Rs 17.45 per litre, whichever is higher.
  2. Assam VAT for petrol and other motor spirits has been fixed at 32.66 paise in the rupee or Rs 22.63 per lire, whichever is higher.

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