Karnataka cuts sales tax by ₹7 each on petrol, diesel

Karnataka cuts sales tax by ₹7 each on petrol, diesel

Mangalore Today News Network

Bengaluru, Nov 04, 2021: Following the Central Government’s decision to reduce excise duty on petrol and diesel by ₹5 and ₹10 respectively, the State Government late on Wednesday night announced reduction of State’s sales tax on both petrol and diesel by ₹7 each, with effect from Thursday evening.

 

Chief Minister Basavaraj Bommai, who took to Twitter to announce this, said the State would lose revenue of ₹2,100 crore owing to reduced sales tax.

 

ಕರ್ನಾಟಕ ರಾಜ್ಯ ಸರಕಾರವು ಡೀಸೆಲ್‌ ಮತ್ತು ಪೆಟ್ರೋಲ್ ಮೇಲೆ ತಲಾ 7 ರೂ ಕಡಿಮೆಗೊಳಿಸಲು ನಿರ್ದರಿಸಿದೆ.
ಈ ನಮ್ಮ ನಿರ್ದಾರದಿಂದ ರಾಜ್ಯ ಸರಕಾರಕ್ಕೆ ಅಂದಾಜು 2100 ಕೋಟಿ ರೂಪಾಯಿ ಕೆ.ಎಸ್.ಟಿ ಯಿಂದ ಬೊಕ್ಕಸಕ್ಕೆ ನಷ್ಟವಾಗುತ್ತದೆ. ರಾಜ್ಯದಲ್ಲಿ ಪೆಟ್ರೋಲ್ ಬೆಲೆ ಅಂದಾಜು 95.50 ರೂ ಹಾಗೂ ಡಿಸೇಲ್ ಅಂದಾಜು 81.50 ರೂ ಆಗುವ ನೀರಿಕ್ಷೆಯಿದೆ‌.
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— Basavaraj S Bommai (@BSBommai) November 3, 2021

 

He congratulated Prime Minister Narendra Modi for providing relief to the people who were impacted by rising fuel prices, and said the both Central and State Governments had offered Deepavali gift to the people by reducing fuel prices.

Courtesy:The Hindu