Tax on Electricity
There are two tax rate levied on electricity:
1. Electricity Duty @ 16% on bill amount.
2. Tax on Sale of electricity @ Rs.0.2604 per Unit (Kwh)
Bill amount consists of:
Fuel Adjustment Charges
Regulatory Asset Charges
We would like to suggest that electricity supply to be brought under GST with a rate of 5% without input tax credit. more
It is like petrol and diesel prices.
They will not reduce taxes.
At best they may name differently, but collect the same total amount from each consumer.
Let us face the reality and live with it. more