West Bengal govt to reduce tax on petrol and diesel by Re 1 per litre from midnight on 22 Feb – India News , Firstpost


State finance minister Amit Mitra said the move will provide respite to those stung by fuel prices and alleged that the Centre had imposed cess to avoid devolution with states

West Bengal govt to reduce tax on petrol and diesel by Re 1 per litre from midnight on 22 Feb

Representational image. AFP

Kolkata: The West Bengal government on Sunday announced a reduction of tax by Re 1 per litre on petrol and diesel effective from midnight of 22 February.

State finance minister Amit Mitra said the move will provide some respite to people stung by burgeoning prices of fuel.

“The Centre earned Rs 32.90 per litre in taxes from petrol (on 20 February), while the state got around Rs 18.46 only. In case of diesel, the Central government’s earning was Rs 31.80 per litre as against about Rs 12.77 for the state,” Mitra said.

He also alleged that the Centre had imposed cess to avoid devolution with states, which is “against the characteristics of federalism”.

To a question, Mitra said the Union government should reintroduce the planning commission.

Later, in a tweet, the minister said the tax rebate on fuel will be valid till 30 June.

“To reduce the common man’s burden, the state government has decided to allow rebate of Re 1 per litre on sales tax payable on sales of petrol and diesel w.e.f. the end of midnight of 22nd February, 2021 till 30th day of June, 2021,” Mitra said.

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

Breaking News Live, Latest Updates February 22

Image Source : INDIA TV Breaking News February 22 Daily dose of news plays a very important role in our daily life. For some people, the morning is incomplete without knowing what’s happening across the world. Some digital-savvy people have a habit of consuming news even when they are travelling or in their free time. In today’s […]

%d bloggers like this: