In the new year the government can give you one more gift, knowing you will be happy too
In the new year the government can give you one more gift, knowing you will be happy too
Petrol and diesel prices are continuously changing. The price of raw oil is also increasing steadily. Its direct impact is on the cost of petrol and diesel in the country. In the new year the government can give you freedom from its rising prices. However, the central government may decide to bring petrol and diesel to GST in the new year. If the government does this, it may cost around 45 rupees for a liter petrol. You can also get diesel in such a way.
Finance Minister Arun Jaitley has also indicated that petrol and diesel should be included in GST. He said that after the consent of each state it will be included under GST. Oil Minister Dharmendra Pradhan has also recommended to include the GST for getting rid of petrol and diesel prices. In the new year, if the government takes this decision, then in Delhi, after the GST, you have to pay only Rs 45.45 for a liter of petrol in Delhi. You may have to spend 43 rupees for diesel. After GST, petrol and diesel can add up to 28% more tax.
If the government decides to include petrol and diesel in next year, then excise duty and VAT will be overturned. The government earns a lot of revenue from petrol and diesel. It may be thought that the government will impose 28 percent GST on it. Companies levy a liter of petrol for Rs 31.78 from the dealer. The dealer commission joins 3.58 rupees. In this way, the cost of one liter petrol will reach 35 paise to 36 paise. Under GST, tax of 28 percent can be taxed instead of VAT and excise duty.
On account of 28% tax, it will add 9.90 rupees to 35.36. In this way you may have to pay 45.26 paisa for a liter petrol. Currently, the company sells a liter diesel to the dealer at 32.61 rupees. The dealer commission, which deals with 2.52 rupees. Thus, a liter diesel becomes 35.13 paise. 9.83 paise will be added after 28% tax expense. In this way you will get 44.96. After coming to GST, the impact of rising oil prices will be seen on petrol and diesel prices.
