Query relating vat provision

As per White paper it is Floor Rate of 20%  n u cn see from this link

https://www.capitalmarket.com/CMEdit/story49-0.asp?SNo=544531&sid=49&ssid=139&rbyear=2012

MVAT rate on Petrol is 20%.

Petrol, diesel etc whose price is fixed by the government are not governed by VAT.

Hence Input tax of diesel cannot be set off.. These are general principles and applicable to all states.

If you are a work contractor you can set off the all amount of purchase of diesel, petrol as consumable. 

Regards,

RAJESH CHOUDHARY

Kindly let us know if there is any specific link for detailed information regrading rate of tax, setoff and other provisions for petrol, diesel and related products as per Mvat Act