Srinagar, Mar 28: The Jammu and Kashmir Government has revised the tax and cess rates on petrol, diesel, aviation turbine fuel (ATF), and natural gas.
The changes outlined by the Finance Department, will come into effect from April 1, 2025.
According to a notification, tax on motor spirit (petrol) will be 24% minus Rs 3.50 per litre, with an additional cess of Rs 2 per litre. Diesel oil will be taxed at 16% minus Rs 4.50 per litre, along with a cess of Rs 1 per litre.
The notification further states that aviation turbine fuel (ATF) will be taxed at 5%, while natural gas will be subject to 21% tax.
The order was issued under Section 3 and 3A of the Jammu and Kashmir Motor Spirit and Diesel Oil (Taxation of Sales) Act Samvat 2005, supersedes all previous notifications on the subject.
Jammu, April 01 (KF): In a decisive action against illegal betting, Jammu Police (South Zone)…
Srinagar, March 25 (KF): Kashmir weather predicts that the next ten days will generally remain…
Jammu, Mar 25: Leader of the Opposition (LoP) in J&K Legislative Assembly Sunil Sharma Monday…
Faizan Majeed Kulgam, March 16 (KF): Another dead body has been recovered from Veshaw Nallah…
Srinagar, March 13 (KF): Kashmir Weather on Thursday said that under the influence of a…
Srinagar, March 13: The Army on Thursday said that two suspected individuals were apprehended with…
This website uses cookies.