Petrol-Diesel GST: Chamber of Trade and Industry (CTI) Chairman Brijesh Goyal has raised the demand to bring petrol and diesel under the ambit of GST amid rising prices. Today he has also written a letter to Prime Minister Narendra Modi on this subject.

He has appealed to the Central Government to immediately include petrol and diesel under the ambit of GST. For a long time, businessmen, factory owners and common people have been demanding this, so that they can get relief from this huge inflation.

Heavy taxes on petrol and diesel

Brijesh Goyal, Chairman of CTI, the top organization of traders and entrepreneurs in Delhi and the country, has said that if we talk about Delhi, according to the data till May 22, the actual price of petrol was Rs 66.29, on which excise duty is Rs 11.90 and VAT is Rs 16.03, while the dealer’s margin was Rs 4.42. The actual price of diesel was Rs 67.36, excise duty was Rs 7.80 and VAT was Rs 13.39, while the dealer margin was Rs 3.03.

He told that today around 42% tax is levied on the actual price of petrol including excise duty and VAT while diesel is levied around 32% tax. According to CTI, petrol is the most expensive in Telangana in the country because the highest VAT on petrol in Telangana is 35.2%, whereas in Andaman and Nicobar, petrol is the cheapest there due to only 1% VAT on diesel.

Petrol and diesel come under the purview of GST

Brijesh Goyal has said in a letter to PM Modi that when GST was implemented in 2017, there was talk of One Nation One Tax and it was said that there will be uniform tax and uniform rate on everything in the country, but all the states are arbitrarily charging VAT on petrol and diesel as per their own. Due to this, the rates of petrol and diesel are different in every state.

Due to this, the concept of One Nation One Tax is also being attacked. In such a situation, excise duty and VAT on petrol and diesel should be abolished and brought under the purview of GST. This will not only make the rates of petrol and diesel uniform across the country but will also reduce the rates of petrol and diesel.

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Petrol-Diesel Price Hike: Third shock in 10 days, petrol-diesel prices increased again; Know the rates from Mumbai to Patna