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TN cancels 4% VAT on LPG;price to come down by Rs 15

TN cancels 4% VAT on LPG;price to come down by Rs 15
PTI
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First Published: Tue, Jun 28 2011. 06 44 PM IST
Updated: Tue, Jun 28 2011. 06 44 PM IST
Chennai: Days after the Centre hiked the prices of LPG by Rs 50 per cylinder,Tamil Nadu government today cancelled a 4% Value Added Tax on LPG, bringing down the price of a cylinder by about Rs 15 in the state.
Chief Minister Jayalalithaa said the move would come into effect from 1 July.
The price of a LPG cylinder, which is now being sold at Rs 404.40 will be revised to Rs 389.67, resulting in a reduction of Rs 14.73, she said in a government release here.
She said the state would not levy VAT on LPG in future also.
The UPA government had hiked the price of diesel by Rs 3 a litre, kerosene Rs 2 a litre and cooking gas by Rs 50 a cylinder on 24 June.
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First Published: Tue, Jun 28 2011. 06 44 PM IST
More Topics: VAT | LPG | Price Hike | Petrol | Diseal |