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Home » News » Business » Bihar withdraws tax concession on diesel
Bihar withdraws tax concession on diesel

Bihar withdraws tax concession on diesel

Patna: The Bihar government today withdrew two percent tax concession on diesel in the state to perk up its coffers, making the fuel dearer by over Rs 3 per litre in the state.

The state-imposed tax on diesel would now climb to 18 percent and the fuel would cost Rs 58.14 per litre instead of Rs 55.12 per litre.

Principal secretary, cabinet department, B Pradhan said a decision in this regard was taken at a cabinet meeting chaired by Chief Minister Jitan Ram Manjhi and the concession has been withdrawn with immediate effect.

“The two percent concession on diesel which has been withdrawn, was declared by the state government on 21 September 2012. Diesel contributes to 17 percent of revenue collected by the Commercial Taxes department and the move has been made to offset the loss to the state exchequer due to its continuously declining prices,” Pradhan said.

The withdrawal of concession would add an additional Rs 26 crore per month to the state Commercial Taxes department.

The rate of state imposed tax in neighbouring Jharkhand was 18 percent, 17 percent in West Bengal and 17.48 percent in Uttar Pradesh.

Source: First Post

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