Govt earned over ₹3.71 lakh cr from VAT on petrol, diesel in FY21

In parliament on Tuesday, Union finance minister Nirmala Sitharaman announced the revenue earned from Vat on Petrol and diesel in FY21, In that, She said the central government earned more than ₹3.71 lakh crore in fiscal 2020-21 alone from taxes on petrol and diesel during the fiscal year 2020-21.

The total tax revenue from Petrol and diesel would reach a total of ₹8.02 crore lakh crore if the amount earned in the last three fiscals from taxes is calculated.