VAT and Excise Rates in West Bengal
With this post we would like to seek your inputs on the VAT and Excise rate structure in West Bengal. While increasing VAT on petrol and diesel and excise on liquor is used as a mechanism by State Governments to boost revenues in the short term, in economic downturns and the current pandemic situation, it can also hit consumer demand.
We seek your inputs on what do you feel about the prices of petrol, diesel and liquor. What should be done differently by the states so they can maximize state VAT and excise revenues?
We look forward to your inputs! more
With the slump in international crude oil prices, masses expect the reduction in thr cost of petrol, diesel, and LPG. The West Bengal State taxes remains high and the benefit is not being passed on to the consumer, meaning thereby that the prices are being administered and really not based on the crude oil prices. But, the basis of the change in the pricing mechanism was strictly on international crude oil (basket) prices. The government has failed to hold its promise to the people of the nation. It is wrong. The duty of alcoholic beverages, tobacco and its host of products, may be enhanced to reduce consumption by masses, and incur health benefits thereby. more
IN CASE OF PETROL / DIESEL - IT WILL IMPACT ON COMMON PEOPLE, SO, THE PRICE OF PETROL / DIESEL - SHOULD NOT BE HIKE IN CASE OF LIQUOR - ITS USES ONLY TO THOSE CATEGORY WHO ARE BELONGS TO HIGH CATEGORY AND SOCIETY AS WELL, SO IF PRICES / THE RATE OF EXCISE DUTY SHOULD BE HIKED N NOT AT I ALL MPACTED ON COMMON PEOPLE. Sanjoy Mukhopadhyay Proprietor SM CONSULTANCY SERVICES Cell: 8584005485 On Wednesday, 17 June, 2020, 08:09:50 am IST, LocalCircles Manager wrote: more
Trying to increase revenue through increasing TAX on Alcoholic beverages is morally wrong. Taxing high end alcoholic product may be justified but ordinary citizens must not be burdened with harsh tax. Total prohibition is advisable but, history suggests, prohibition has served no purpose no here in the world. more
Firstly, duties on liquor must be increased substantially. This will serve both the economics and the social purposes. Secondly, for petrol and diesel simple categories of public utility vehicles and private ownership will help to manipulate the pricing. While subsidy must be extended to the vehicles like two-wheelers, autos, buses and trucks duties can be increased on private ownership four-wheelers. Best wishes, Avijit Mukhopadhyay ________________________________ From: LocalCircles Manager Sent: Wednesday, June 17, 2020 8:03:37 AM To: email@example.com Subject: "VAT and Excise Rates in W..." more
In the field of education, the teachers at all levels, primary, middle up to Higher Secondary, Graduation, post graduation including Ph.D shall always be motivated to follow the value systems in India, and while trying to excel, must avoid greed. Without appropriate value and ethics, a very bright student may end up as a robot to earn money and position in the institutional hierarchy but will be a misfit in any family and the society. more