Bring petrol, diesel under GST: Mahajan

Kashmir Times. Dated: 10/30/2021 12:50:00 AM

KT NEWS SERVICE
JAMMU, Oct 29: United Democratic Alliance (UDA) on Friday demanded for bringing petrol and diesel under Goods and Services Tax (GST) to ensure uniformity in automobile fuel across the country. Sooner the petrol and diesel are brought under ambit of GST, better it would be for Indian economy because changes in GST are brought only after wider deliberations by GST council.
It was stated by United Democratic Alliance (UDA) Convenor, Rajiv Mahajan in a statement issued here on Friday. Mahajan further said that when GST was introduced on July 1, 2017, petrol and diesel were kept out of its purview given revenue dependence of State Governments on the sector. One of the main reasons for stimulus is to revive the demand by way of tax reductions. Last year, benchmark Brent crude oil dropped to as low as USD 18.10 per barrel – the lowest since 1999, as coronavirus wiped away demand, creating large surpluses across the globe.
Mahajan expressed apprehension that increase in petroleum prices in Jammu would have a cascading impact on trade industry and transport. “Industry is already reeling under huge pressure due to the daunting impact of pandemic COVID-19, and increase in fuel prices at this juncture will make goods and services dearer and thereby severely impacting the revival process of industrial activities in coming times. Increase in fuel prices will have a trickle-down effect resulting in rising costs of transportation, building-up inflationary pressures amid an environment, where income generation is already suffering due to COVID-19 pandemic,” said Mahajan, urging the Government to rollback the hike at the earliest.
The signatories to the statement included Lt Gen (Retd) Pradeep Singh Mehta Principal Advisor, Manish Sahni Former Convener, IG (Retd) Sudhir Dogra General Secretary, Co- Conveners Col (Retd) S S Pathania, Com (Retd) Bhushan Devan, Col (Retd) PS Jamwal, Col J P Singh, (Retd DC) Vijay Sharma, (Retd DC) M L Sharma, Er V K Gupta (Retd SE), R K Khajuria (Retd ETO), Varinder Gupta (Retd Special Secretary), R C Puri (Retd KAS), Krishan Manhas, Satish Ponshi, Kulbir Singh Slathia, Bharat Bhushan Gupta, Gajan Singh Khajuria, Rajinder Gupta, Rajeev Luthra, Prem Sharma, Vivek Wazir, Rakesh Badyal, Pawan Gupta, Sanjay Jandyal, Varnider Singh Billawria, Yash Khajuria, Jaswinder Singh (Kuku), Dr Karan Gupta, Shiv Kumar Sharma, Rajinder Gupta (Bittu), Rakesh Slathiya, Sushil Singh Jamwal (Retd General Manager J K Cement), Shashi Bhushan Sharma (Contractor), Sheikh Sajjaad Poonchi (Retd Principal), Sushil Singh Charak and Tanish Sharma.

 

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