Gasoline Value Lower Of Even Rs. 1 Will Lead To Rs. 2,200 Crore Income Loss In Maharashtra

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Amid rising refrain to carry down gasoline costs, the BJP-led Maharashtra authorities Wednesday stated the state would lose income to the tune of Rs. 2,200 crore per 12 months if it slashes the costs of petrol and diesel by Rs. one per litre.

Finance Minister Sudhir Mungantiwar additionally stated the federal government had already slashed taxes on petrol and diesel to examine the surging costs of petrol and diesel on the state degree.

He stated the federal government is within the favour of bringing petrol and diesel underneath the ambit of the GST, “however the Congress-led governments are in opposition to such transfer”. The following assembly of the GST council assembly is scheduled on September 28.

“Maharashtra introduced down taxes on petrol by Rs. 2 per litre and on diesel by Rs. 1 per litre in October final 12 months, whereas states like Rajasthan, Karnataka and Andhra Pradesh have minimize their taxes lately,” he stated when requested if there was any delay on a part of the federal government in slashing the taxes.

Mungantiwar was chatting with reporters on the sidelines of a BJP assembly held right here Wednesday. The minister blamed the “international forces” for unabated surge within the costs of gasoline within the nation.

Costs of petrol have crossed the Rs. 90-mark in additional than 20 districts of whole 36 districts in Maharashtra.

He stated rising costs is a matter of concern for residents in addition to for the state authorities.

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“The Maharashtra authorities is within the favour of bringing petrol and diesel underneath the ambit of the Items and Companies Tax (GST), however the Congress which is heading governments in some states is in opposition to this (transfer). These states assume that they might lose their monetary independence if gasoline is introduced underneath the GST,” he stated.

Explaining the gasoline arithmetic, the minister stated Maharashtra will get 26 per cent in taxes from the retail sale of petrol.

When requested in regards to the prevailing costs of petrol and diesel throughout nation, Mungantiwar stated, “Maharashtra is among the 5 states the place costs of petrol are the very best. In case of diesel, Maharashtra is amongst eight states the place costs are the steepest”.



(Apart from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

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