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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Comedian Shyam Rangeela files nomination from Varanasi LS seat on last day
Varanasi: Comedian Shyam Rangeela has finally filed his nomination papers as an independent candidate from the Varanasi parliamentary constituency on Tuesday, May 14, the last day of filing papers.
Rangeela, who intended to contest against Prime Minister Narendra Modi had alleged on Monday that he was being denied a nomination from the seat, as he along with several other candidates were reportedly made to wait for filling papers on May 10th and May 13th.
Shyam Rangeela, taking to his official ‘X’ handle, wrote, "With your love and support, I have completed all the requirements as per the rules and submitted the nomination. I also have full faith in the democracy of this country. Now the next two-three days are crucial. Thank you all very much for your cooperation. My electoral future rests in the hands of all election officials who are the custodians of our democracy. With the hope that they all strengthen our faith, Yours Shyam Rangeela.”
Alongside, Shyam, BJP candidate Narendra Modi, Log Party's Vinay Kumar Tripathi, BJP's Surendra Narayan Singh, independent candidates Dinesh Kumar Yadav, Reena Rai, Neha Jaiswal, Ajit Kumar Jaiswal, Ashok Kumar Pandey, Sandeep Tripathi filed their nomination papers on Tuesday.
According to the Election Commision of India, a total of 41 candidates have filed nomination papers from the Varanasi constituency.
आप सभी के प्यार और सहयोग से नियमानुसार सभी आवश्यकताओं की पूर्ति करते हुए मैंने नामांकन दाखिल कर दिया है, मेरा इस देश के लोकतंत्र पर अभी भी पुरा भरोसा है । अब आगे के दो तीन दिन महत्वपूर्ण होंगे।
— Shyam Rangeela (@ShyamRangeela) May 14, 2024
आप सभी का सहयोग के लिए बहुत धन्यवाद ।
हमारे लोकतंत्र के पहरी सभी चुनाव अधिकारीयों के… pic.twitter.com/JyIoFGDNli
