Tag: petrol

Excise duty helps fill Centre’s fiscal gap

  What is the News? According to the data from the Controller General of Accounts (CGA), Excise duty mostly from petrol and diesel has helped the government overcome a major gap in its revenue in FY21. How much tax do we pay on petrol and diesel? The Union government levies excise duty and cess on… Continue reading Excise duty helps fill Centre’s fiscal gap