HYDERABAD: Telangana finance minister Etela Rajender stated on Tuesday the state would endure huge monetary losses if the Centre brings petrol and diesel underneath the ambit of Goods and Services Tax (GST).
Speaking to newshounds on the sidelines of a programme, the minister stated Telangana differs with one of the phrases of reference issued by way of the 15th Finance Commission.
"This (bringing petrol and diesel under GST) is not a correct decision. It would hurt the federal spirit of our country. If these products are brought under GST, state finances will be further reduced," he stated.
Liquor and gas should no longer come underneath GST, he added.
States should have some independence for generating their very own financial system, the minister further stated.
On the present costs of petrol and diesel soaring above Rs 80 and Rs 70 respectively, the minister stated as an alternative of suggesting to states to scale back VAT on the merchandise, the central government should cut excise responsibility and bring costs down.
"Most of the welfare schemes are implemented by the states. We request the central government to reduce central excise, which has been continuously increased," he stated, adding it is the responsibility of the Centre to scale back and give aid to common man.
The minister stated, "Though Telangana opted out of the recent conference in Amaravati in Andhra Pradesh held by some of the finance ministers on the changes to the terms of reference (ToR) of the 15th Finance Commission, Telangana would voice its concerns to the centre."
"The ToR of the 15th finance commission are in the form of curbing states' rightful resources and may become an impediment to development. This is not good. We may not have attended the meeting, but this is our opinion. We will convey it to the Centre," he explained.
Opposing the ToR of the 15th Finance Commission, finance ministers of various states lately met in the AP capital.
Telangana used to be no longer a part of that meeting.
Speaking to newshounds on the sidelines of a programme, the minister stated Telangana differs with one of the phrases of reference issued by way of the 15th Finance Commission.
"This (bringing petrol and diesel under GST) is not a correct decision. It would hurt the federal spirit of our country. If these products are brought under GST, state finances will be further reduced," he stated.
Liquor and gas should no longer come underneath GST, he added.
States should have some independence for generating their very own financial system, the minister further stated.
On the present costs of petrol and diesel soaring above Rs 80 and Rs 70 respectively, the minister stated as an alternative of suggesting to states to scale back VAT on the merchandise, the central government should cut excise responsibility and bring costs down.
"Most of the welfare schemes are implemented by the states. We request the central government to reduce central excise, which has been continuously increased," he stated, adding it is the responsibility of the Centre to scale back and give aid to common man.
The minister stated, "Though Telangana opted out of the recent conference in Amaravati in Andhra Pradesh held by some of the finance ministers on the changes to the terms of reference (ToR) of the 15th Finance Commission, Telangana would voice its concerns to the centre."
"The ToR of the 15th finance commission are in the form of curbing states' rightful resources and may become an impediment to development. This is not good. We may not have attended the meeting, but this is our opinion. We will convey it to the Centre," he explained.
Opposing the ToR of the 15th Finance Commission, finance ministers of various states lately met in the AP capital.
Telangana used to be no longer a part of that meeting.
Liquor, fuel shouldn't come under GST': Minister
![Liquor, fuel shouldn't come under GST': Minister]()
Reviewed by Kailash
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June 13, 2018
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