पेट्रोल और डीजल जीएसटी के दायरे में आएंगे तो क्या होगा? सरकारी वित्त के लिए इसका क्या अर्थ है? लोगों में आम धारणा यह है कि, जीएसटी के तहत पेट्रोल और डीजल लाने से उनके खुदरा मूल्य में कमी आएगी। लेकिन क्या ऐसा संभव है?
What will happen if Petrol and Diesel come under GST? What it means for Government finances? The general impression among people seems to be that bringing petrol and diesel under GST will bring down their retail price. But is that possible?
Finance minister Nirmala Sitharaman recently told the Press Trust of India: “Whenever the GST Council decides to take up this issue, they are well within their interest to take it up and discuss. It's a call that the Council has to take."
For petrol and diesel to be brought under GST, the rates will have to very high, even higher than 100%. Only then will the governments be able to earn the kind of money they currently are. While current taxes on petrol and diesel are more than 100%, the system of taxation is not so transparent. Hence, most people do not realize the high taxes they are paying. Of course, GST will put in place a more transparent taxation system. The trouble is which government will want to come up with an indirect tax that is even higher than 100%. It will be political suicide. Hence, only when the dependence of governments on taxes earned from fuel comes down will it be possible to bring petrol and diesel under GST. And for that to happen, economic growth has to get back on track.
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Cut to the Chase with Time (CCT)
0:00 Introduction
0:29 Genesis of GST
1:24 What will be the impact of GST on Product Prices?
5:34 Governments annual earnings from Petrol & Diesel.
7:24 Will the government's revenue be affected by the implementation of GST on Petrol and Diesel?
9:27 What will be the difference with the introduction of GST on Petrol and Diesel?
13:21 Which states will be the biggest Losers and Beneficiaries?
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All Original Sources links 👇
Fuel prices to drop if brought under GST, says SBI Research [ Ссылка ]
[ Ссылка ]
42% of resources to go to states, Centre accepts finance commission report
[ Ссылка ]
Will fuel prices dip under GST regime? [ Ссылка ]
No GST on petrol, diesel in near future as Centre, states not in favour [ Ссылка ]
Indirect Tax [ Ссылка ]
Central govt's tax collection on petrol, diesel jumps 300% in six years [ Ссылка ]
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your quarries
why gst is not applicable on petrol and diesel?
applying gst on petrol diesel how much will the price be?
will the price of petrol diesel be applicable to gst?
will the price of petrol diesel be reduced with the introduction of gst?
gst in petrol and diesel in india?
gst on petrol and diesel Malayalam?
What it means for Government finances?
why petrol and diesel not under gst?
congress demands petrol and diesel to be under gst
gst on petroleum
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#Santanu Talukdar #PetrolDieselUnderGST #ResearchAnalysis #CrudeOil #PetrolDieselPriceHikeinIndia
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