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According
to the notification issued by the state commercial taxes
department on Saturday, the applicable VAT on LPG cylinders
been reduced to one per cent from the earlier four cent.
Earlier,
in a bid to cushion the consumers against the steep hike in
petrol annd diesel prices, the state government promulgated an
ordinance on June five reducing the sales tax of the two
commodities by 2.5 and 1.64 per cent respectively, official
sources said.
While
the sales tax on petrol has been reduced from 27 per cent to
24.5 per cent, and that on ordinary and high speed diesel it
has been lowered from 20 per cent to 18.36 per cent, sources
said.
The
cut in VAT on LPG cylinders would cost the state exchequer Rs
25 crore annually, sources said.
Source
: Hindu - Chennai, India, dated 15/06/2008
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