Why petrol and diesel prices are not brought under GST ??
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Why petrol and diesel prices are not brought under GST ❓
Presently the central excise duty for petrol and diesel is 23% and state VAT is 34%. Total tax is 57%. If these essential products are brought under GST , the maximum rate of tax applicable will be only 28%, which means the prices of petrol and diesel can come down by almost 50%. Why such a situation is not acceptable by government. The public at large will be benefited.In no country these items are so costly. So India also should reduce the cost of these price. In india the fuel costs are high as their taxes on these two items are more than 55%. Please spread this message .
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