The Rajasthan Gehlot government reduced VAT on gasoline and diesel, but increased the charge for electricity


News Desk, Amar Ujala, Jaipur

Published by: Subhash Kumar
Updated Tue, Nov 16, 2021 09:53 PM IST

Summary

Starting at midnight tonight, the rates will be reduced by Rs 4 per liter for gasoline and Rs 5 per liter for diesel. Because of this, the state government will suffer the loss of annual revenue of Rs 3.5 billion.

The state government will bear the annual revenue loss of Rs 3.5 billion due to the VAT reduction.
– Photo: ANI

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The Rajasthan government has decided to reduce VAT on gasoline and diesel. After this, fuel prices will drop from 4 to 5 rupees. In giving information on this, Chief Minister Ashok Gehlot himself said: “At today’s cabinet meeting, it was unanimously decided to lower the VAT rate on gasoline / diesel. There will be a reduction in rates from Rs.5 per liter. To this, the state government will suffer the loss of annual revenue of Rs 3.5 billion. However, on the other hand, the Gehlot government made electricity more expensive after easing fuel prices. The oil surcharge will be charged to consumers. from Rajasthan This surcharge will be charged at the rate of 33 paise per unit.

In fact, on November 3, 2021, the day before Diwali, the central government had reduced the VAT on gasoline by 5 rupees and on diesel by 10 rupees. Following this, more than two dozen BJPs and Congress ruled that states had also provided relief to the public by reducing VAT in their respective states. Since then, the Rajasthan government has also come under pressure to reduce VAT. CM Gehlot had also talked about reducing the price of gasoline and diesel in the state. However, prior to this, Gehlot has required PM Modi to reduce excise duties, excise duties, and additional excise duties.

The CM has also written a letter to the Prime Minister in this regard. CM Gehlot argues that if the central government reduces the excise duties raised on its behalf, gasoline and diesel prices in the states will automatically go down. Gehlot says the state collects VAT only on taxes collected by the Center.

Expansion

The Rajasthan government has decided to reduce VAT on gasoline and diesel. After this, fuel prices will drop from 4 to 5 rupees. In giving information on this, Chief Minister Ashok Gehlot himself said: “At today’s cabinet meeting, it was unanimously decided to lower the VAT rate on gasoline / diesel. There will be a reduction in rates from Rs.5 per liter. To this, the state government will suffer the loss of annual revenue of Rs 3.5 billion. However, on the other hand, the Gehlot government made electricity more expensive after easing fuel prices. The oil surcharge will be charged to consumers. from Rajasthan This surcharge will be charged at the rate of 33 paise per unit.

In fact, on November 3, 2021, the day before Diwali, the central government had reduced the VAT on gasoline by 5 rupees and on diesel by 10 rupees. Following this, more than two dozen BJPs and Congress ruled that states had also provided relief to the public by reducing VAT in their respective states. Since then, the Rajasthan government has also come under pressure to reduce VAT. CM Gehlot had also talked about reducing the price of gasoline and diesel in the state. However, prior to this, Gehlot has required PM Modi to reduce excise duties, excise duties, and additional excise duties.

The CM has also written a letter to the Prime Minister in this regard. CM Gehlot argues that if the central government reduces the excise duties raised on its behalf, gasoline and diesel prices in the states will automatically go down. Gehlot says the state collects VAT only on taxes collected by the Center.




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