Kohima, June 28 (MExN): The Nagaland government has announced an increase in the tax rate on diesel and petrol & other motor spirit effective from midnight of June 30, 2024.
The tax rate for Diesel has been increased from 16.5% or Rs 10.51 per litre, whichever is higher, to 17.20% or Rs 12.83 per litre, whichever is higher. For Petrol & Other Motor Spirit, the tax rate has been revised from 25% or Rs. 16.04 per litre to 21.75% or Rs. 16.94 per litre.
The Governor of Nagaland has announced amendments to the tax rates on petroleum products in exercise of powers conferred by sub-section 3 of section 3A of the Nagaland (Sales of Petroleum and Petroleum Products including Motor Spirit and Lubricants) Taxation Act, 1967, aims to adjust the rates prescribed under Entry Serial Number 3 and 4 of Schedule II of the Act.
The notification, issued by Sentiyanger Imchen, Additional Chief Secretary & Finance Commissioner, Government of Nagaland also revokes previous notifications regarding surcharge, road maintenance cess, and rebates on diesel and petrol dated November 16, 2004, February 14, 2020, and November 4, 2021, respectively.
