Govt lowers Windfall Tax on Petroleum Crude to Rs. 8400 w.e.f. 1st May 2024 [Read Notification]

Witheffect from April 4, 2024, the government lowered the windfall tax on petroleum crude by Rs. 1200

By Navasree A.M - On May 2, 2024 3:34 pm - 2 mins read

Windfall tax - Petroleum crude tax - Government tax policy - Energy taxation - Oil industry - taxscan

The Central Government has lowered the windfall tax on petroleum crude, from Rs. 9,600 to Rs. 8400 per tonne, effective from May 1st, 2024. The tax was lowered by Rs. 1200. Earlier, the government has raised the windfall tax on petroleum crude from Rs. 6,800 to Rs. 9,600 per tonne. With effect from April 4,…

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