September 28, 2017

Taxes on petro products fetch government Rs 2.67 lakh crore

..according to the government's response to an RTI application, even as the money in the common man's pockets seems to have developed wings, it is the government coffers that are benefiting from the high prices of petroleum products.

During the financial year 2016-2017, the government earned a whopping Rs 2.67 lakh crore revenue on account of several increases in indirect taxes (Excise, Customs and import duties) on such products.

Read more at: http://economictimes.indiatimes.com/articleshow/60845930.cms

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