Comments on: Should India Bring Petrol and Diesel under GST? https://misesindia.in/2021/09/18/should-india-bring-petrol-and-diesel-under-gst/ Economics, Freedom and Peace Mon, 20 Sep 2021 09:52:42 +0000 hourly 1 By: Jay https://misesindia.in/2021/09/18/should-india-bring-petrol-and-diesel-under-gst/#comment-91318 Mon, 20 Sep 2021 09:52:42 +0000 https://misesindia.in/?p=3393#comment-91318 Okay, so the current taxes are more than GST. That makes sense.

]]> By: Jay https://misesindia.in/2021/09/18/should-india-bring-petrol-and-diesel-under-gst/#comment-91317 Mon, 20 Sep 2021 09:52:24 +0000 https://misesindia.in/?p=3393#comment-91317 In reply to Madhusudan Raj.

Okay, so the current taxes are more than GST. That makes sense.

]]> By: Madhusudan Raj https://misesindia.in/2021/09/18/should-india-bring-petrol-and-diesel-under-gst/#comment-91008 Sun, 19 Sep 2021 17:30:07 +0000 https://misesindia.in/?p=3393#comment-91008 In reply to Jay.

It reduces from its current level of 100 rs/ltr. Base price, without any taxes, today is something like 40 rupees. 60 rupees is tax which is more than 100% tax rate. GST will remove all taxes and only 28% top rate will apply so prices will come down from their present high level. GST is like lesser evil option.

But I showed in my article much better alternative is available. GST isn’t a solution.

]]> By: Jay https://misesindia.in/2021/09/18/should-india-bring-petrol-and-diesel-under-gst/#comment-90743 Sun, 19 Sep 2021 05:28:06 +0000 https://misesindia.in/?p=3393#comment-90743 I am still confused as to how GST will reduce the price of petrol and diesel? I go to a restaurant and I have to still pay this state and central GST which is extra money for the meal I ordered. Taxation increases prices, not decrease it, period, from what I know. Could you point out how GST decreases prices of petrol and diesel? Or is it just political clout?

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