Delhi Amends VAT Act: New Tax Rates for Petroleum Products Effective July 16, 2015

The Government of the National Capital Territory of Delhi has amended the Fourth Schedule of the Delhi Value Added Tax Act, 2004. Effective from July 16, 2015, the amendments specify tax rates for various petroleum products. Petroleum products, excluding petrol, diesel, LPG, PNG, CNG, wax, and kerosene, such as naphtha, aviation turbine fuel, lubricants, furnace oil, and mixtures, are taxed at twenty paise per rupee. Petrol is taxed at twenty-five paise per rupee, while diesel, including high-speed diesel and other variants, is taxed at sixteen and a half paise per rupee.

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