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VAT on petrol has been REDUCED by Goa Government

VAT on petrol has been REDUCED by Goa Government

Although the Goa govt had increased the VAT rate on petrol to 22% in its recent budget, but it also promised to reduce the VAT if the petrol price crossed Rs60/litre mark. As the petrol price could have crossed the benchmark of Rs60/litre, Goa government reduced the VAT rate by 2% and made it 20%.