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Why the government must move fuel to GST
Fuel prices are technically supposed to be market driven, linked to international crude prices and foreign exchange rates. Taxation has its limits, and when an essential commodity like fuel is taxed at 84%, people do see it as unfair. The ideal solution is to bring fuel under GST, anyway the right thing to do if you go by the spirit of GST as a universal indirect tax. If fuel moves to GST, petrol prices will be a mere Rs 55 a litre at current prices.
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