Just imagine a situation as on the morning of June 30, When you visit the petrol pump and get filled the petrol worth Rs 100. We see in the machine that the salesman/saleswoman has filled one and a half litres of petrol. You point out the mistake to the salesman, but he says that this is the rate from now on. No one can imagine the expression on your face at that time.
This scene is not just a fantasy, but it is likely to happen. It has been five years since the implementation of GST in India. There is a meeting of the GST Council in Chandigarh on 28th and 29th June. Many big decisions can be taken in this meeting. In today's Monday Mega Story, know why petrol, diesel and liquor are not included in GST? If this happens, how much money will the common people save? Along with this, we will also tell some interesting things related to tax from around the world.
Before the meeting of the GST Council, the chairman of the Economic Advisory Council to the PM, Bibek Debroy, has expressed the possibility of including petrol and diesel in the GST. Bibek Debroy has advocated that after the inclusion of petroleum products in GST: it will be possible to curb rising inflation. The GST Council meeting is to be held in Chandigarh on 28-29 June 2022. In this, important decisions can be taken regarding tax slabs. Nothing has come to the fore regarding petrol-diesel and liquor.
• While implementing GST in July 2017, the central government guaranteed revenue growth of up to 14% to the states. On getting less tax than this, the central government had to compensate for 5 years, whose term is being completed in June 2022.
Now the central government has refused to give compensation to the states after June 2022 to compensate for the loss in GST collection.
• If liquor is included in the GST in Rajasthan and kept in the highest tax slab of 28%, then the price of beer of ₹ 100 will be reduced by ₹ 17 here.
This means that a beer bottle will be available for Rs 83 instead of 100. Due to this, instead of Rs 45, only Rs 28 will be deposited in the exchequer of the government.