Witheffect from May 16th, 2024, the government lowered the windfall tax on petroleum crude to rs. 5,700 from Rs. 8,400
The Central Government has revised the windfall tax on petroleum crude, reducing it from Rs. 8,400 to Rs. 5,700 per tonne, effective May 16th, 2024, marking a significant decrease of Rs. 2,700. This adjustment follows an earlier reduction announced on April 30th, where the tax was brought down from Rs. 9,600 to Rs. 8,400. Prior…
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