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Medial • 11m

Petrol Should Be under GST or VAT and Excise ⁉️ Ever wonder why filling up your tank feels like emptying your wallet? Because of high taxes Right Now, Tax system on Petrol is more complicated than understanding how AI works. It is under VAT and Excise. Let's assume you bought petrol of ₹100, and ₹50 is just tax, making it expensive than a Cred's Valuation where if it was under GST there would be 28% Flat. Making it more stable and affordable pricing all over India, Same at all places and taxes would be simpler. But majorly for all States taxes from petrol is a major source for their income so if it works under GST there will be less income for the state. So what you all think about this? Should it be under GST or as usual? Check out the video by LLA for further information about this!

0 replies8 likes

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