The Jharkhand government will reduce Value Added Tax (VAT) by two percent on diesel from April 1.
Finance Minister Stephen Marandi said here Thursday: 'We have reduced the VAT on diesel from existing 20 percent to 18 percent. The reduction of VAT will have impact on the state coffers. According to an estimate, the state government will lose Rs.46 crore (Rs.460 million) per annum by reducing VAT.'
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