What will be the impact of 10 percent additional GST on diesel vehicles?

[ad_1]

Union Transport Minister Nitin Gadkari (Nitin Gadkari) said in a program organized by SIAM on Tuesday that diesel vehicles cause more pollution than other vehicles, hence the number of diesel vehicles should be reduced, if this does not happen then I will recommend to the Finance Minister that diesel Is causing more pollution. An additional 10 percent tax should be imposed on this. This statement of the Transport Minister is being seen as a warning, let us know what will be the impact if additional GST of 10 percent is imposed on diesel vehicles.

increase in transportation costs

The price of diesel will increase due to additional tax on diesel vehicles. This will increase transportation costs, which will also increase the prices of goods and services. This is because diesel is an important fuel used for transportation. For example, if the additional tax on diesel vehicles is 10%, the price of diesel will increase by 10%. This may increase the prices of goods and services by about 5%. This will be an economic burden for consumers and businesses.

increase in pollution

Nitin Gadkari said, diesel vehicles cause more pollution than petrol vehicles. By imposing additional tax on diesel vehicles, people can be encouraged to abandon diesel vehicles, which will reduce pollution. However, it is also possible that people may choose to buy older and less efficient diesel vehicles, which could lead to an increase in pollution.

There are many reasons for the increase in pollution from diesel vehicles.

• Diesel engines emit more nitrogen oxides (NOx) and sulfur dioxide (SO2) than petrol engines. These gases are responsible for respiratory diseases and heart disease.

• Diesel engines emit more particulate matter (PM) than petrol engines. There is dust and smoke in the PM air. These can accumulate in the lungs and cause health problems.

negative impact on the economy

• Additional tax on diesel vehicles may have a negative impact on the economy. This will increase transportation costs, which will increase prices of goods and services. This will increase the economic burden on consumers and businesses, which may slow down economic growth.

• For example, if the additional tax on diesel vehicles is 10%, transportation costs may increase by about 5%. This may increase the prices of goods and services by about 2.5%. This will be an economic burden for consumers and businesses, which could slow economic growth.

social justice issue

• Diesel vehicles are generally used by low income people. It will be difficult for these people to bear the burden of additional tax. This can have a negative impact on their lifestyle.

• For example, a low-income person who works using a diesel vehicle may have to reduce his expenses due to the additional tax. This can have a negative impact on his lifestyle.

To reduce the losses caused by imposing additional tax on diesel vehicles, the government should take appropriate measures. These measures may include:

• Subsidy on pollution control measures: Government can provide subsidy on pollution control measures to reduce pollution of diesel vehicles. This will make it cheaper for owners of diesel vehicles to adopt these measures.

• Relief for low income people: The government can provide relief to low income people by additional tax on diesel vehicles. For example, the government may provide additional tax exemption or subsidy on diesel vehicles.

• These measures can help mitigate the negative effects of additional taxes on diesel vehicles.

[ad_2]

Source link