JAMMU, Mar 28: The Jammu and Kashmir Government has revised the tax and cess rates on petrol, diesel, aviation turbine fuel (ATF), and natural gas.
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The changes outlined by the Finance Department, will come into effect from April 1, 2025.
According to a notification, tax on motor spirit (petrol) will be 24% minus Rs 3.50 per litre, with an additional cess of Rs 2 per litre. Diesel oil will be taxed at 16% minus Rs 4.50 per litre, along with a cess of Rs 1 per litre.
The notification further states that aviation turbine fuel (ATF) will be taxed at 5%, while natural gas will be subject to 21% tax.
The order was issued under Section 3 and 3A of the Jammu and Kashmir Motor Spirit and Diesel Oil (Taxation of Sales) Act Samvat 2005, supersedes all previous notifications on the subject.
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