Telangana government’s tax revenues increase dramatically

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Gasoline cost Rs 107.71 per liter in Hyderabad on Saturday, and diesel Rs 100.51, against Rs 87.06 on January 1 of this year, and diesel Rs 80.60, marking an increase of around Rs 20 in 10 months. – DC Image

Hyderabad: State government commercial tax revenues have increased significantly due to rising fuel prices and increased sales of fuel and alcohol.

The government had estimated that it would earn Rs 57,500 crore from trade taxes in the 2021-2022 budget. Of that amount, he has already earned 29,885 crore rupees in the first half of the year (April-September) despite Covid lockdowns and restrictions on business activities, data from the Trade Tax Department showed.

Gasoline cost Rs 107.71 per liter in Hyderabad on Saturday, and diesel Rs 100.51, against Rs 87.06 on January 1 of this year, and diesel Rs 80.60, marking an increase of around Rs 20 in 10 months.

The state has 1.41 crore of vehicles and the average daily sale of gasoline is Rs 55 lakh liters and diesel 1.25 crore liters. The state government imposes 35.2 percent VAT on gasoline and 27 percent on diesel. These report Rs 1,200 crore per month since April, against Rs 600 crore in May 2019.

The increase in the prices of domestic LPG cylinders also contributes to an increase in GST collections; 5 percent GST is imposed on the product. The price of LPG per cylinder has dropped from Rs 746.50 in January to Rs 952 now. Only a few clients receive Rs 40 as a subsidy.


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