Tuesday, August 29, 2017

Paisa by paisa, rupee by rupee, Narendra Modi is cleverly extracting blood out of the pockets of Indians [RAWDUMP]

"Master Stroke by Modi ji. By increasing Fuel prices every day, We have successfully fooled the Nation. Look no body is questioning us on daily Fuel prices." [link 1] [link 2]


"Luxury cars and SUVs may become more expensive with the Union Cabinet approving an ordinance to raise the maximum compensation cess that can be levied over and above the 28% GST on such cars, from 15 % to 25%." [link 1]

What's the whole point of GST if you're not going to let prices of anything come down. You're only trying to protect and grow your tax collections, which you corrupt people squander and embezzle.


"The Goods and Services Tax Council has decided to increase the effective tax (rate and cess) on certain categories of automobiles to ensure the tax burden on them is similar to that imposed prior to the implementation of GST.

In a media conference held after the GST Council met in Hyderabad on Saturday, Finance Minister Arun Jaitley said this was in an effort to maintain “equivalence”." [link]

Again, what's the whole point of GST if you're not going to let prices of anything come down? You hide accountability by hiding these wicked changes under the "GST Council" banner.


"Fuel prices rise, govt rules out tax rollback" [link]

"The price break-up for every litre of petrol in Delhi shows that state-run companies charge dealers Rs 30.70. The remaining is in excise duty, dealers' commission and state VAT which takes the price to Rs 70.38." [link]

"India's crude oil basket was at $53 per barrel on September 13, compared to $46 a barrel on June 16. The fall in crude oil prices since 2014 has been offset by an increase in taxes, particularly the central excise duty that was raised 9 times between November 2014 and January 2016. The corresponding tax mop up went from Rs 99,000 crore in 2014-15 to Rs 2,42,000 crore in 2016-17. Additionally, VAT, a component levied by state governments, has been increased in some regions." [link]

"The table below shows that while the retail price of diesel was Rs 57.28 per litre in Delhi on June 2, 2014 – when the international oil price was $106.88 per barrel – it has now reached a very similar price of Rs 58.72 per litre even though international oil prices are at $53.06 per barrel." [link]

"With international crude oil prices falling sharply from the annual average of $105 per barrel in 2013-14 to $46 per barrel in 2015-16 and 2016-17, the Modi government has hiked excise duties on petrol and diesel over nine times in order to encash a windfall. Rather than passing on the benefits of low oil prices to the consumers, the Centre has utilised the petroleum sector for additional revenue mobilisation, which can be seen from Table 2 below." [link]

This government of Narendra Modi is conducting daylight loot of Indian people.


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