Govt cuts windfall tax on petroleum Crude to Rs. 4,600 per tonne [Read Notification]
The government has lowered the windfall tax on petroleum crude to Rs. 4,600 per tonne with effect from 1st August 2024. It was slashed from the rate of Rs. 7,000 per tonne.
By Navasree A.M - On August 1, 2024 6:28 pm - 2 mins read
The government has lowered the windfall tax on petroleum crude to Rs. 4,600 per tonne with effect from 1st August 2024. It was slashed from the rate of Rs. 7,000 per tonne. A windfall tax is a one-time levy imposed by the government on companies that have earned unexpected profits due to extraordinary events, such…
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