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Centre abolishes all taxes on non-subsidised LPG cylinders
SME News, Friday, Sep 21, 2012 14:23:00 PM IST
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NEW DELHI: The Indian government has abolished all taxes on non-subsidised LPG cylinders. Declaring the decision, Union Finance Minister P Chidambaram stated that there will zero customs duty and VAT on non-subsidised cylinders.
The Finance Minister appreciated the moves adopted by few states to increase the cap on maximum number of subsidised LPG cylinders per family can buy in one year from six to nine.
The government, in a series of measures aimed at cutting the fiscal deficit and reviving the economy , had unveiled a limit on the maximum number of subsidised LPG cylinders that per household can buy within a year. Centre fixed the cap at six cylinders per family per annum.
The move was slammed by Opposition along with UPA's key ally Trinamool Congress as it withdrew its support to the coalition government..
The Opposition organised a nationwide protest yesterday over the reforms criticising Centre.
