Govt reduces Windfall Tax on Petroleum Crude, Diesel, and ATF to ‘Nil’ Rate Effective from Today [Read Notification]

The SAED is a tax imposed on the supernormal profits of energy companies and is adjusted based on average oil prices over a two-week period.

By Navasree A.M - On September 18, 2024 12:42 pm - 2 mins read

Govt reduces Windfall Tax - Petroleum Crude - Diesel - ATF - TAXSCAN

On September 18, 2024, the Indian Government officially abolished the windfall tax on Petroleum Crude, Diesel, and Aviation Turbine Fuel (ATF), as announced in a recent notification. The Special Additional Excise Duty (SAED) on these commodities is now set to zero. The SAED is a tax imposed on the supernormal profits of energy companies and…

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