Petrol Thread .... Center already asked States to put Petrol under GST ani

[uttermost]

4 minutes ago, Spartan said:

informative. +1

GST kindaki teste a CESS ni convert chesi States ki istam ani ananra Center..?

GST osthey CESS undadhu. edhi undadhu. final tax. khel khatam.

 

[Spartan]

Just now, uttermost said:

GST osthey CESS undadhu. edhi undadhu. final tax. khel khatam.

 

lets assume Oil Petrol goes under GST and is taxed at 35% rate ..

state ki enta vapas istaru...

[uttermost]

1 minute ago, Spartan said:

isnt there a way where Petrol can be taxed at one single rate..more than 28 and below 50.?

i need to check the math .

I don't understand the advantage of single rate. Who benefits from that?

[Spartan]

Just now, uttermost said:

I don't understand the advantage of single rate. Who benefits from that?

consumers

[Luke]

K

[Lakhan]

TS bjp it cell lo join ayyava!!

[uttermost]

Just now, Spartan said:

lets assume Oil Petrol goes under GST and is taxed at 35% rate ..

state ki enta vapas istaru...

atla kaadhu.. 35% rate ledhu.. sarey undhi anuko..

Petrol GST ki osthey.. petrol konindaaniki GST refund ivvali in the next stage of production. 35% tax aina kooda, effective tax will be lesser than that, because the tax cost is distributed across the supply chain.

normally aithey GST half half sharing state and center. but GST lo the tax is applied on the whole chain, and every level, you are allowed to deduct the tax that is already paid on petrol.

Petrol GST lo raaka mundhu, that deduction was not possible. It'll take a serious hit in revenues from GST if petrol is included. I say it based on logic of how GST works. It may be wrong on some details. but its correct in spirit.

[Kool_SRG]

6 minutes ago, uttermost said:

I don't understand the advantage of single rate. Who benefits from that?

 

5 minutes ago, Spartan said:

consumers

Consumbers benefit ani cheppelamu gaani it depends on slab it gets fixed to... Its just simplified tax anthe..

GST tarvaaata tagginavi konni unnayi periginavi konni unnayi...

[uttermost]

5 minutes ago, Spartan said:

consumers

They don't. Can you explain how?

They are happy paying whatever the rate is, in their states. Why would they care what petrol costs in the pakka state. 

they want low prices.. Not uniform rates.

Yeah, GST on petrol will radically lower the petrol prices, but you also seem to be arguing for Re.1 lost by center etc.. etc..

so your arguments are all over the place on this.

[Kool_SRG]

Just now, uttermost said:

They don't. Can you explain how?

They are happy paying whatever the rate is, in their states. Why would they care what petrol costs in the pakka state. 

they want low prices.. Not uniform rates.

Yeah, GST on petrol will radically lower the petrol prices, but you also seem to be arguing for Re.1 lost by center etc.. etc..

so your arguments are all over the place on this.

There was a article some time back on how petroleum products will fitted in to GST bracket which more or less doesn't do any benefit to consumer just sake of eye wash that its brought under GST annattu anthe... 

Let me see if i can find it out...

[Spartan]

8 minutes ago, Lakhan said:

TS bjp it cell lo join ayyava!!

lol no

[uttermost]

1 minute ago, Kool_SRG said:

There was a article some time back on how petroleum products will fitted in to GST bracket which more or less doesn't do any benefit to consumer just sake of eye wash that its brought under GST annattu anthe... 

Let me see if i can find it out...

how? What's the rate of tax on petrol now? more than 50%, right?

and the highest bracket in GST is 28%. It should reduce the price of petrol.

[Spartan]

5 minutes ago, uttermost said:

They don't. Can you explain how?

They are happy paying whatever the rate is, in their states. Why would they care what petrol costs in the pakka state. 

they want low prices.. Not uniform rates.

Yeah, GST on petrol will radically lower the petrol prices, but you also seem to be arguing for Re.1 lost by center etc.. etc..

so your arguments are all over the place on this.

they will for sure pay lower price than what they are paying ani anukuntunna..irrespective of the place.

[Spartan]

6 minutes ago, Kool_SRG said:

 

Consumbers benefit ani cheppelamu gaani it depends on slab it gets fixed to... Its just simplified tax anthe..

GST tarvaaata tagginavi konni unnayi periginavi konni unnayi...

simplified tax strategy unnapudu..it will be easy to bring it down or up and control according to international market kada..unlike now..which has to go through two layers and neither side is ready to give up their income.

[uttermost]

Just now, Spartan said:

they will for sure pay lower price than what they are paying ani anukuntunna..irrespective of the place.

and the center also loses money (lots of money) on including petrol in GST. all taxes like excises, and other cesses will go if GST is applied.

That's why your premise that this is some local politics, and against the center, is far from the truth.