Mumbai: Under pressure from all quarters including his own NCP, Maharashtra Finance Minister Ajit Pawar on Thursday announced a 2 per cent rollback of the proposed five percent VAT on LPG meant for domestic use.
"The tax would be now 3 per cent, instead of 5 per cent," Pawar informed the state legislative council. On Tuesday, Congress legislators led by state unit president Manikrao Thakre had met Chief Minister Prithviraj Chavan and demanded withdrawal of the tax.
Several NCP legislators had also demanded a rollback saying the LPG hike will affect the common man. The 5 per cent tax would have raised the cost of a domestic LPG cylinder by approximately Rs 20, and earned revenue to the tune of Rs 200 to Rs 250 crore.
Shiv Sena executive president Uddhav Thackeray, who met Chavan, had announced that his party will hold a protest march if the tax hike is not done away with.
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