‘Will not reduce state tax on fuel,’ says Mamata days after Centre’s excise duty cut | Latest News India

Kolkata: Days after the National Democratic Alliance (NDA) authorities lowered central excise duty on petrol and diesel by 8 and 6 per litre respectively, West Bengal chief minister Mamata Banerjee on Monday stated her authorities will not comply with swimsuit because it had lowered state tax on gasoline by a rupee in 2021.

Bengal will endure an annual lack of 461.45 crore in state tax due to the Centre’s resolution, she stated.

Hitting out at Bharatiya Janata Party (BJP) leaders for highlighting the discount in native tax in states dominated by their get together, Banerjee stated Bengal lowered its tax on gasoline in February 2021.

“With the Centre’s new announcement, Bengal’s share in tax on a litre of petrol has gone down by 2.80. Of this, 1.80 is because of reduction in Central tax and another rupee is due to the reduction in state tax which is in force since last year,” the CM stated after a meeting of the state cupboard the place the problem was mentioned.

“By the same formula, our share in tax on diesel has gone down by 2.03 per litre,” she added.

“Our loss is higher than some of the opposition-ruled states. Kerala’s share in tax on petrol is down by 2.41, while Rajasthan and Maharashtra have suffered losses of 2.48 and 2.08 respectively,” stated Banerjee.

“The BJP government has not reduced its cess by a penny since the entire amount goes to the Centre. The Centre collected 18,23,324 from tax on petroleum products in the first nine months of the last financial year. Nobody is saying a word on that. International price of crude oil came down after the Modi government came to power but retail price of petrol kept increasing, from 63.16 in May 2015 to 106.03 in May 2022,” Banerjee stated.

The chief minister additionally mocked Union finance minister Nirmala Sitharaman’s resolution to introduce a subsidy of 200 per 14.2 kg LPG cylinder for beneficiaries of the Pradhan Mantri Ujjwala Yojana. The cylinders will successfully value round 800 since 200 might be transferred to financial institution accounts of the beneficiaries.

“How can poor people shell out 800 to buy cooking gas?” Banerjee stated.

Bengal BJP’s chief spokesperson Samik Bhattacharya stated Banerjee was making excuses as an alternative of following the examples set by BJP-ruled states.

“She will not reduce state tax on petrol and diesel because it is her source of income,” stated Bhattacharya.

In Kolkata, the worth of petrol on Monday was 106.01 per litre whereas diesel bought for 92.74. Of the full taxes charged on costs of petrol and diesel in Bengal, the state’s share accounts for round 37%.

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