Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts - Economic Times

For the remaining nine months of the current fiscal, the levy would get the government almost Rs 52,000 crore if the tax remains in place till March 31, 2023.On top of this, the new tax brought in on the export of petrol, diesel and ATF would bring in additio…

The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel … [+5810 chars]

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