Remove "distortions" in GST Act before bringing petrol, diesel under GST: Veerappa Moily
Bengaluru, Mar 25: Former Union Oil Minister and senior Congress leader M Veerappa Moily on Thursday said "distortions" in the GST Act will have to be removed before the government considers to bring petrol and diesel under the regime.
He said states should be adequately compensated for revenue loss in the event of petrol and diesel being brought under the GST regime.
The former Karnataka Chief Minister alleged "distortions" in the GST Act in the context of "procedures, unnecessary taxation and tax rates putting additional burden on traders, their harassment and corruption".
"Before processing the proposal to bring petrol and diesel under GST, they will have to revisit the entire GST Act....GST Act will have to be properly re-rationalised, and distortions will have to be removed", Moily told PTI.
BJP member Sushil Kumar Modi said in Rajya Sabha on Wednesday that bringing petrol and diesel under the GST regime is not possible for the next 8-10 years as no state is ready to face the annual revenue loss of over Rs two lakh crore on this account.
"Repeatedly, the issue of putting petrol and diesel in the GST regime is being raked up. I have been associated with the GST for a long time, I want to know from the House, that if petrol and diesel are put under the GST regime, who will compensate for the loss of revenue of over Rs two lakh crore to states," Modi had asked.
READ ALSO---Not possible to bring petrol, diesel in GST regime even for next 8-10 years: Sushil Modi
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Bengaluru: Four arrested for housebreaking, threats, extortion; fake PSI among accused
Bengaluru: Vidyaranyapura police have arrested four persons, including a man posing as a Police Sub-Inspector (PSI), for allegedly breaking into a house, threatening the occupants, and extorting money while wearing police uniforms.
The arrested accused have been identified as Mallikarjuna, Pramod, Vinay, and Hrithik.
Police said the accused had hatched a plan to pose as police personnel, conduct fake raids, and extort money from residents by intimidation.
ALSO READ: Bantwal police arrest two men for illegal sale of narcotics, seize two vehicles, 810 gm ganja
According to the police, Mallikarjuna had failed the PSI examination twice and later falsely projected himself as a PSI. He allegedly conducted photo shoots in his hometown, Siraguppa, wearing a police uniform, baton, cap, and shoes, claiming to be serving as a PSI in Bengaluru.
On December 7, the four accused allegedly went to the house of Naveen in the Vidyaranyapura limits, threatened him with a stick and an iron rod, and claimed they had information that he was selling ganja. Under the pretext of searching, they allegedly extorted ₹87,000 through bank transfer, ₹53,000 in cash kept in the house, and ₹2,000 from his wallet.
Following Naveen’s complaint, Vidyaranyapura police registered a case and launched an operation, leading to the arrest of all four accused. Police have seized ₹45,000 in cash and the car used to commit the crime.
Further investigation is underway.
