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Representative image | Photo: PTI
Thiruvananthapuram: Finance Minister K N Balagopal said that the state gets only Rs 23.95 as tax from domestic LPG cylinders. He also dismissed the discussions across social media that a cylinder fetches more than Rs 300 in the state.
"Only 5 per cent tax is levied on domestic LPG cylinders. The state gets only half of this. The LPG cylinders used for commercial purposes have 18 per cent tax. Half of this amount also goes to Kerala," he said.
"The making cost of a domestic cylinder is around Rs 600. The remaining amount is decided by the centre and the manufacturing companies." The minister added that considering a total of 50 crore connections, the centre must be making about Rs 2 lakh crores from the extra price of domestic cylinders alone.
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