December 16, 2015
Rajya Sabha: Trinamool counters FM factually regarding VAT
The Rajya Sabha today had a debate on the hike in the excise duty on petrol and diesel. In spite of international crude prices falling from 115$ per barrel to 35$ a barrel, the government has increased excise duty of fuel by 17 per cent, thus burdening the common man.
Taking part in the debate, the Union Finance Minister Mr Arun Jaitley said that States like West Bengal and Bihar increased VAT on petroleum goods in the last one year.
Leader of party in Rajya Sabha, Derek O’Brien countered Mr Arun Jaitley’s claim and said he was factually incorrect.
“Bengal did not raise VAT on petrol in the past one year. Bengal capped VAT rate in January, 2015,” he said. He also mentioned that the rate of tax on diesel in West Bengal is 17%, and the rate of tax on petrol is 25%.
Derek O’Brien also asked the Chair to set the record straight.