Hello
759results for ""
The report, which estimated that Kerala had suffered a loss of Rs 5,000 crore each year, also includes detailed suggestions on revising the IGST returns and the points to be raised before the GST Council.
It is highly likely the Pinarayi Vijayan regime may slash the fuel cess by Re 1, and an announcement in this regard may be made in the legislature, sources said.
The party is likely to make its stance on the issue clear considering the rising criticism against the price hike amongst the public.
Kerala, Telangana and Andhra top the list of Indian states imposing the highest tax rates on fuel.
The LDF government had imposed a social security cess on petrol and diesel in the Kerala Budget.
The cess at the rate of Rs 20 for each bottle of Indian-made Foreign Liquor (IMFL) priced between Rs 500 and Rs 999.
Not even in the pre-GST era had anyone thought of amassing as much additional money from the public. But KN Balagopal has.
Many industry players believe that the additional cess on fuel will only add to the producers' burden.
Though a hike in taxes and fees was expected in the Kerala Budget FY 23-24, a cess of Rs.2 on petrol and diesel was a shocker.