Petrol is a hazard, but Modi can get 38 rupees a liter petrol, know how?

New Delhi - The Narendra Modi government is getting much criticism due to the rising prices of petrol and diesel. In this matter, Petroleum minister Dharmendra Pradhan has said that the price of petroleum products can be logical only when it is brought under the purview of the goods and services tax (GST), that means everything is in the hands of the Central Government. Tell you that petroleum products are excluded from GST. Petrol can be available at 38 rs per liter.
How can petrol and diesel prices be reduced?
In fact, if petrol-diesel is brought under GST, then the maximum tax will be only 28 percent. That's because tax on all products under GST is taxed at five, 12, 18 and 28 percent. That is, the petrol and diesel should also be kept under one of these slabs. If petrol is consumed by 12 percent GST then petrol will be available at a rate of around 38 rupees per liter. Similarly, if 18 percent GST starts at 40.05 rupees, 28 percent GST, then it will get 43.44 rupees per liter. Even if there is additional tax (cess) in addition to GST on petrol, its price will be more than just two rupees more than these prices.
What is the role of states on GST?
Let us tell you that the major role in bringing the gasoline and diesel into the realm of GST is that of the state governments. Although the center already wanted to bring petroleum products under the GST States did not support the Central Government due to the highest revenues from the petroleum products. Now the states have to make a final decision by giving a GST to the council. If all states agree to do so, then all states may have a similar tax ie GST.
How do we get 30 petrol of 70 rupees?
We do not pay the petrol only, but also pay the equivalent excise duty. In April 2014, the excise duty on petrol was 9.8 per liter. Which has now increased to Rs 21.48. That is, we are paying an additional payment of Rs 21.48 per liter of each liter. Clearly, the amount we pay for petrol and diesel is 55.5% of petrol and 47.3% of the tax. That is, on every liter we are paying almost equivalent to the tax.
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