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Basil
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That's what i do on Twitter. Before going to bed, i scroll through the profiles of such trolls. They give me the latest information plus comic relief.
One such account is 'Rofl gandhi'. Absolutely Hilarious.
These trollers are very good at digging old tweets forcing some ppl to delete their old tweets
When old tweets come back to haunt you
States wary of GST on petroleum
While the Centre is criticised for not cutting excise duty on petroleum products, it is the states which gain more from the rise in their prices
States are reluctant to impose the goods and services tax (GST) on petroleum, even as they are assured of full compensation on revenue loss due to the new indirect taxation system for the first five years.
Five petroleum products — crude oil, petrol, diesel, natural gas and aviation turbine fuel — are out of GST, as of now. While the Centre is criticised for not cutting excise duty on these products, it is the states which gain more from the rise in their prices. For, the Union’s tax is a specific levy; the states’ is an ad valorem (based on value) one. Some states impose both types, such as Maharashtra.
Former Central Board of Excise and Customs chairman Sumit Dutt Majumder, earlier involved in the consultations between Centre and states on GST, says the latter had argued that they were unsure of the GST collection from petroleum and how it would change. Hence, they wanted it kept out, as they were getting 50-55 per cent of value-added tax (VAT) revenue from petroleum.
Experts say petroleum is a lever which states can use to address any sudden shortfall in revenue. You can increase or decrease the tax, and vehicle owners won’t be going to other states to fill fuel.Abhishek A Rastogi of Khaitan & Co. says the inclusion of the petroleum products under GST was a subject of dispute from the outset.
States wary of GST on petroleum
While the Centre is criticised for not cutting excise duty on petroleum products, it is the states which gain more from the rise in their prices
States are reluctant to impose the goods and services tax (GST) on petroleum, even as they are assured of full compensation on revenue loss due to the new indirect taxation system for the first five years.
Five petroleum products — crude oil, petrol, diesel, natural gas and aviation turbine fuel — are out of GST, as of now. While the Centre is criticised for not cutting excise duty on these products, it is the states which gain more from the rise in their prices. For, the Union’s tax is a specific levy; the states’ is an ad valorem (based on value) one. Some states impose both types, such as Maharashtra.
Former Central Board of Excise and Customs chairman Sumit Dutt Majumder, earlier involved in the consultations between Centre and states on GST, says the latter had argued that they were unsure of the GST collection from petroleum and how it would change. Hence, they wanted it kept out, as they were getting 50-55 per cent of value-added tax (VAT) revenue from petroleum.
Experts say petroleum is a lever which states can use to address any sudden shortfall in revenue. You can increase or decrease the tax, and vehicle owners won’t be going to other states to fill fuel.Abhishek A Rastogi of Khaitan & Co. says the inclusion of the petroleum products under GST was a subject of dispute from the outset.
States wary of GST on petroleum
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