Govt cuts windfall tax on petroleum crude to Rs 1,700 per tonne

The Government of India has reduced the windfall tax on petroleum crude from Rs 2,300 per tonne to Rs 1,700 per tonne, effective from January 16. The windfall tax was sharply increased on January 2 from Rs 1,300 per tonne. India introduced windfall profit taxes on July 1, 2022, to tax supernormal profits of energy companies. Read The Rest at :