HomeCURRENT AFFAIRSBUSINESSCM Yogi Adityanath: VAT will not increase on petrol, diesel in UP

CM Yogi Adityanath: VAT will not increase on petrol, diesel in UP

CM Yogi Adityanath: Chief Minister Yogi Adityanath has given a big decision in the review meeting of the Revenue Department. CM Yogi said that VAT will not be increased on petrol and diesel in the state, his decision will give relief to the people who are troubled by the rising prices of petrol and diesel.

According to news agency PTI, while reviewing the updated status of revenue collection with the officials of the state tax department on Friday, Uttar Pradesh Chief Minister Yogi Adityanath mentioned many things. During this, he said that there will be no increase in VAT in the near future as well. He said that keeping in mind the public interest, at present the lowest price of petrol and diesel is in Uttar Pradesh itself.

Apart from this, the CM took information from all the zone commissioners about the registration status of traders in the goods and services tax (GST), collection of GST and VAT, efforts being made to check tax evasion in the zone under their charge. According to an official statement, the Chief Minister, while reviewing the zone wise target for revenue collection in the current financial year, gave necessary guidelines regarding increasing revenue collection to achieve the target.

He said that there has been a steady increase in the revenue collection of the state due to the planned efforts. The total revenue collection of the state was Rs 58,700 crore in the financial year 2017-18, which has increased to about Rs 1 lakh crore in the year 2021-22. There is a collection of Rs 32,386 crore against the target of Rs 31,786 crore for the first quarter of the current financial year. The Chief Minister said that weekly targets should be given to the regional officers from the government level to increase the revenue collection.

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