Cabinet decision: Petrol and diesel will be costlier by two rupees in Bihar, government hikes VAT rates
Patna, Jn. In Bihar, petrol and diesel will now become expensive by about two rupees per liter. On Monday, the government changed the rate of VAT (Value Added Tax) with effect from earlier. The Cabinet has also agreed to this proposal. In a meeting chaired by Chief Minister Nitish Kumar on Monday, eight proposals including amendments in the rates of VAT applicable on petrol and diesel were approved. Seeing the lockdown as before, this time also the Bihar cabinet meeting was held through video conference.
According to the information received from the Cabinet Department after the Cabinet (Cabinet) meeting, till now two rates of VAT were effective in the state. If the petrol rate is more than Rs 65, then 22 percent VAT was levied. Similarly, if the price of petrol is less than Rs 65, then 26 percent VAT was levied. In diesel, this rate was 19 percent for less than Rs 64 per liter and 15 percent for more than Rs 64. There was a considerable loss of revenue due to frequent fluctuations in the prices of petrol and diesel.
Both will increase by two rupees
After this, the government has now implemented new VAT rates with the intention of increasing revenue. After the decision of the Cabinet, if the price of petrol is anything, the government will have to pay 26% VAT or 16.65 paise on it. Similarly, the government will charge 19 percent VAT or 12.33 paise at any cost of diesel. Make it clear that the amount will be charged based on the higher price. According to information received from the Indian Oil Corporation after the government's decision, after the government's decision, the price of petrol and diesel will increase by about two rupees.
504 posts for a drainage pumping station in Patna
Last year, there was a lot of water logging in Patna during the rainy season. The monsoon season is coming once again. In view of this, the Cabinet has also approved the creation of 504 posts of various categories at a cost of Rs 17.42 crore for the operation of Drainage Pumping Station in the Patna Municipal Corporation area.
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