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Madhya Pradesh hikes VAT on liquor, petrol and diesel by 5%

Madhya Pradesh hikes VAT on liquor, petrol and diesel by 5%

In view of extensive damage caused by heavy rains in Madhya Pradesh, the state government on September 20 decided to impose five percent VAT on liquor, petrol and diesel to generate additional revenue, said an official.

The increase in prices will come into effect from midnight, he said. The increase in prices will come into effect from midnight, he said.

In view of extensive damage caused by heavy rains in Madhya Pradesh, the state government on September 20 decided to impose five percent VAT on liquor, petrol and diesel to generate additional revenue, said an official.

The state suffered an estimated loss of Rs 12,000 crore due to excessive rains this monsoon, a senior official said.

The increase in prices will come into effect from midnight, he said.

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