Maharashtra Government Fears Revenue loss if it Slashes Fuel Prices
BJP led Government in Maharashtra fears Revenue loss of around Rs. 2200 crores if it slashes the petrol and diesel prices even by one rupee per litre.
Finance Minister Sudhir Mungantivar said that the government had already slashed taxes on petrol and diesel to counter the rising prices of petrol and diesel at the state level.
He even alleged that Bjp government is in the favour of including petrol and diesel in the GST bracket but however the opposition parties especially Congress-led governments is against the move.
“Maharashtra brought down taxes on petrol by Rs 2 per litre and on diesel by Rs 1 per litre in October last year, whereas states like Rajasthan, Karnataka and Andhra Pradesh have cut their taxes recently.” State Finance Minister Sudhir Mungantivar stated.
“The Maharashtra government is in the favour of bringing petrol and diesel under the bracket of the Goods and Services Tax (GST), but the Congress which is heading governments in some states is against this move. These states think that they may lose their financial independence if fuel is brought under the GST.” Mungantivar added.
State Minister further pointed that the state gets 26% of tax revenue from the retail of sale. Rising fuel prices is a serious matter of concern for the citizens and as well as for the state government. Maharashtra government is finding for every alternate solution possible to reduce the fuel prices, the minister asserted.
Even the state government is fearing revenue loss if it cuts fuel prices and it is blaming the Congress-led government is obstructing the move to include the fuel in GST regime.
