In a series of tweets in Kannada, the JD(S) second-in-command opposed the attempts to include fuel in GST and appealed to CM B S Yediyurappa not to allow this to happen as it would dry the state’s resources.
Former CM says subjecting fuel to GST would dry Karnataka’s resources. Representation pic
He added that cess on petroleum products is one of the major sources of revenue for the states. The Centre levies excessive taxes and collects more revenue than the states. The former CM alleged that the Centre has not yet provided the compensation that the states had to receive after the GST was approved, he said. As thousands of crores have not been remitted by the centre, states have been begging for arrears, he added. “Now, if the petroleum revenue is handed over to the centre, the states’ plight will be miserable,” Kumaraswamy said.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
