There is a constant demand to bring petrol and diesel under GST. But in the ongoing monsoon session, the finance minister has again made it clear that there are no proposals to add oil to the GST. He said the money earned from petroleum products, including petrol and diesel, was being spent on the country’s infrastructure and other development projects. After this statement from the Finance Minister, all those who were constantly talking about bringing petrol and diesel under GST.
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Government earnings on petrol and diesel have increased
The tax on petrol and diesel has been increased by 88 per cent in the financial year 2020-21, the Union minister said in a written reply to parliament on Monday. The excise duty on petrol has been increased to Rs 32.9 from Rs 19.98 last year. At the same time, in diesel it was increased from Rs 15.83 to Rs 31.80. 3.35 lakh from April 2020 to March 2021, following the increased excise duty. It came to the coffers of the government through petrol and diesel. However, the government in its first fiscal year had raised Rs 1.78 lakh crore through petrol and diesel. But in 2018-19, the government has raised Rs 2.13 lakh crore from petrol and diesel. ATF, crude oil and natural gas accounted for Rs 1.01 lakh crore during the period. The Minister of Patrol answered a separate question as to whether it had been leased.
How much the center and the state tax
As of July 1, the central government in Delhi charges 33.29% and the state government charges 23.07%. At the same time, the central government levies a tax of 35.66% on diesel and 14.62% on the Delhi government. In 2020 there was a fall in crude oil prices but then the central government increased the excise duty due to the epidemic.
Patrol has hit a century in which cities
Petrol crossed 100 in Delhi, Mumbai, Ratnagiri, Parbhani, u Rangabad, Gwalior, Jaisalmer, Ganganagar, Patna, Kolkata, Leh, Imphal, Hyderabad, Shimoga, Mohali, Darjeeling.