Congress demands concession on domestic LPG post GST

Author

04 July, 2017

Most segments of the petroleum and gas industry are not included in the GST, but with liquefied petroleum gas (LPG) coming under the new indirect tax regime, consumers in Delhi will be paying Rs 32 more from this month for a subsidised cylinder of cooking gas.

After a 5% levy on subsidised cooking gas cylinders (LPG) under the Goods and Services Tax (GST), the prices of this category went up by up to Rs 32 per cylinder.

Besides Delhi, subsidised LPG price has been hiked by Rs 31.67 per cylinder to Rs 480.32 in Kolkata and Rs 31.41 in Chennai to Rs 465.56.

"This is affecting the people, the poor especially". Domestic LPG attracted zero custom and excise duty.

In Bangalore, the price of 14.2 kg subsidised LPG cylinder post-GST is Rs 477/ refill. Pre-GST, most states did not tax LPG, while others levied value added tax (VAT) ranging between 2 per cent and 4 per cent. This is the steepest increase in domestic subsidised LPG rate since June 25, 2011, a hike of Rs 50 per cylinder, which was necessitated due to a jump in global oil prices. The government is just making a profit by doing so.

He claimed that food and beverages, helmets, hair oil, toothpaste, tea, coffee, butter, curd, cement and mineral water were some of the items whose prices have shot up, notwithstanding the governments assurance that their rates would drop once the GST was in force.

He has termed GST as "savings gayi tumhari".

"It is a big blow to the common people, particularly the poor, labourers".


More news


  • Reading, writing and maths standard unmet by 39% of primary school pupils

    Reading, writing and maths standard unmet by 39% of primary school pupils

    He added that simply looking at data missed most of the real work being done to help youngsters achieve their full potential. This means 39% failed to reach the expected standard across all three subjects of reading, writing and maths this year.
    Top seed Angelique Kerber wins in Wimbledon first round

    Top seed Angelique Kerber wins in Wimbledon first round

    She initially showed glimpses of her best form on her return to Centre Court on Tuesday, racing into a 3-0 lead in the first set. She came from through the qualifiers.
    Investors Spotlight: Spirit AeroSystems Holdings, Inc. (SPR)

    Investors Spotlight: Spirit AeroSystems Holdings, Inc. (SPR)

    Investors may also be paying close concentration to some simple moving average indicators on shares of TETRA Technologies, Inc. The institutional investor owned 32,066 shares of the aerospace company's stock after selling 1,350 shares during the period.
  • Coast Guard Searching For Missing Swimmer Off Belle Isle

    Coast Guard Searching For Missing Swimmer Off Belle Isle

    The transmission, which sounds as though it came from a child, lasted only five seconds and said "My papa fell in the water". Coast Guard and Detroit police searched from the shore, water and air for several hours, but did not locate anyone.
    Virat Kohli deletes welcome tweet for Anil Kumble after his resignation

    Virat Kohli deletes welcome tweet for Anil Kumble after his resignation

    But he was then given the opportunity to guide the team in West Indies , where Kohli & Co playing a short limited-overs series. Kumble, who is chairman of the International Cricket Council, remained in London for its ongoing annual conference.
    Tommaso Ciampa Expected to Be Out Until 2018

    Tommaso Ciampa Expected to Be Out Until 2018

    Pro Wrestling Sheet is reporting Tommaso Ciampa is expected to be sidelined until early 2018 to recover from his knee injury. When it comes to his rehabilitation, Ciampa underwent surgery to fix the torn ACL in May in Birmingham, Alabama.
  • MagnaChip Semiconductor Corpora (NYSE:MX) Experiences Heavier than Average Trading Volume

    On May 29 the company was upgraded to "Buy" from "Hold" with a current price target of $9.00 in a report issued by Topeka Capital. The firm owned 688,092 shares of the semiconductor company's stock after buying an additional 482,387 shares during the period.
    Death toll in Mpumalanga bus, truck collision rises to 18

    Death toll in Mpumalanga bus, truck collision rises to 18

    "The remaining patients were transported by ambulance to various hospitals in the area for urgent treatment", Meiring confirmed. The minibus was reportedly transporting mine workers when the accident happened.
    Hamas Delegation in Egypt to Discuss New Leaf in Relations

    Hamas Delegation in Egypt to Discuss New Leaf in Relations

    Egypt expects a respite from attacks in the northern Sinai Peninsula and elsewhere as the relationship with Hamas grows. He added that a monitoring system was also being implemented.
  • Roads within city exempted from highway liquor ban: SC

    Roads within city exempted from highway liquor ban: SC

    The SC observation would bring relief to five star hotels on the highways in cities like Chandigarh and Gurugram. The SC, had earlier said that the ban extended to not just liquor vending shops, but bars and pubs too.

    Bio-Path Holdings, Inc. (BPTH) added to 4 new portfolios

    University Of Texas Investment Managment Co holds 14.72% of its portfolio in Bio-Path Holdings Inc for 3.83 million shares. This company shares are 733.33% off its target price of $3.25 and the current market capitalization stands at $35.45M.

    Texas Instruments Incorporated (NASDAQ:TXN), Spherix Inc (NASDAQ:SPEX)

    Tracking most recent quarter period, Price to book (P/B) ration is at 2.92 and Price to cash per share ration is at 3.66. Spherix Incorporated is an intellectual property company that owns patented and unpatented intellectual property.