Central Govt raises Windfall Tax on Petroleum Crude from Rs. 6,800 to Rs. 9,600 [Read Notification]

Witheffect from April 4, 2024, the petroleum crude witnessed a raise in windfall tax of Rs. 4,700
Central Government - Windfall Tax - Petroleum Crude - Petroleum Crude Tax - taxscan

The Central Government has implemented a substantial increase in the windfall tax on petroleum crude, raising it from Rs. 6,800 to Rs. 9,600 per tonne, effective as of April 16, 2024. There is a surge of Rs. 2,800 in a single move. Earlier, on April 4, the government had raised the windfall tax on petroleum…

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