Global Daily Tax News, India Repeals Windfall Tax On Crude Oil, (Sep 20, 2024)
The Indian Government has decided to repeal a windfall tax on the sale of crude oil.
The measure was introduced from July 19, 2022, in response to high crude oil prices.
The decision to instead install a zero percent rate was announced in Notification No. 25/2024, released on September 17, 2024.