Thursday, August 11, 2022
IndiaPrime Minister Modi's demand for reducing tax from states amid rising oil...

Prime Minister Modi’s demand for reducing tax from states amid rising oil prices

Prime Minister Narendra Modi broke his silence on Wednesday on rising oil prices in the country.

New Delhi: PM Modi said that some states have not passed on the benefits to citizens and earned revenue by not reducing VAT (Value Added Tax) on petrol and diesel .

The Prime Minister has demanded from the states ruled by the opposition to reduce VAT in the interest of the country.

At the same time, Congress and Trinamool Congress (TMC) have criticized this statement of the Prime Minister.

What did Modi say?

The Prime Minister said that in view of the current global situation, coordination and coordination between the Center and the States has become more important than ever. The supply chain has been affected by the circumstances of the war .

He said the Center had reduced excise duty in November last year to reduce the burden of oil price . After this, some states reduced the tax, but some states did not give its benefit to the people.

The Prime Minister further said, “Maharashtra, West Bengal , Telangana, Andhra Pradesh, Kerala, Jharkhand, Tamil Nadu for one reason or the other did not listen to the words of the central government and the citizens of those states continued to be burdened. I pray that in November What had to be done, now by reducing VAT, you should pass on the benefit to the citizens.

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He said petrol in Mumbai is selling at Rs 120 a liter while in the neighboring union territory of Daman Diu it is selling at Rs 102 a litre.

According to government sources, states that have not deducted VAT have received revenue of Rs 12,441 crore in the last six months. Of this, Maharashtra got the maximum revenue of Rs 3,472 crore, Tamil Nadu 2,924, West Bengal 1,343, Andhra Pradesh 1,371, Telangana 1,302, Kerala 1,187, Jharkhand 664 and Delhi 173 crore.

Union Finance Minister Nirmala Sitharaman cited the ongoing war between Russia and Ukraine as the reason, saying that the war has affected the supply chain and the prices of crude oil have also increased.

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Updated on August 10, 2022 9:57 pm