Petrol and Diesel Must include in GST
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Petrol and Diesel should include in GST needs your help with “1) Mr Arun Jaitley (Finance Minister and Minister of Corporate Affairs): Save your hard earn money, if petrol and diesel include in GST we need to pay max to max 68 rupees for petrol instead of 80 and 50 rupees for diesel instead of 68.
Crude oil price 1 bbl = $70.44 = 119.24 liter ON FEB 2, 2018
Rs 4186.001 BBL = 35.10 rupees/lt in mumbai
11 Rs for refine so 35.1+ 11 = 46.1 price charged to dealers
4 Rs dealer commission so 46.1+4 =50.1 Rs
IF WE APPLY
CGST 18% 59.118
SGST 18% 68.136
While in this calculation I am taking the max to max figure...it will be very less than 68.136
BUT PETROL RATE IN MUMBAI IS 80.96 ON FEB 2, 2018
IF WE INCLUDE PETROL AND DIESEL IN GST , THEN WE NEED TO PAY MAXIMUM 68.136 RS
SO BE WISE AND REQUEST GOVT. TO INCLUDE PETROL AND DIESEL IN GST.
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