Bring electricity under GST soon– सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

One glaring anomaly in the forthcoming rollout of the goods and services tax (GST) is that electricity duty remains outside its purview. While scores of central and state taxes are to be done away with to usher in GST — so as to modernise the indirect tax regime, eschew cascading taxes on inputs, with set-offs provided for taxes already paid in the value chain — an important sector like electricity is to remain outside the GST regime for the foreseeable future.
Such exclusion makes no sense. Electricity duty can be as high as 25-30% in a few states, but the average is about 8% levied on consumers. The tax needs to be made amenable for input tax credit, otherwise it would in effect cascade economy-wide. Keeping something as essential as electricity outside GST would be retrograde, inefficient and perversely deny input tax credits in a vital sector that is undergoing path-breaking and transformative change.

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