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Sunday, June 25, 2017
Bring Petrol & Diesel under GST
Why can't we bring petrol and diesel prices under GST?
At present, a central excise duty of 23% and State VAT of 34% is levied on petrol and diesel. Thus, the total tax works out to 57%.
If these essential products are brought under GST , the maximum tax will be only 28%. This means the prices of petrol and diesel can come down by almost 50%.
The people and the economy at at large will be benefited as it will have a positive, cascading effect.
We request you to consider this immediately and make it part of the midnight announcement of July 1
June 25, 2017
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