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Withdrawal of Central Government Taxes* on Petroleum Products. (* Excise, Customs and Cess)
This is possible simply with Budget Proposal as these products are outside GST purview.
Massive Tax Relief to Economy ~ ₹ 2.6 Lakh Crore* Huge Price Drop in Petrol & Diesel ~ ₹ 30/liter & CNG ~ ₹ 6/kg Big Momentum to Economy
* https://www.ppac.gov.in/content/149_1_PricesPetroleum.aspx
To compensate Tax Revenue loss - Every Transaction routed through ‘Bank/Digital Mode’ will attract
a certain deduction in appropriate percentage (say 0.3 %) as ‘Bank/Digital Transaction Tax’ (BTT).
This deduction will be applied only on receiving/credit account.
This deducted amount will be credited to Central Govt. and Transacting Bank/Digital Agency in justified proportions.
*
(Say 0.3 % out of which 0.288 % will go to Central Govt. and rest 0.012 % to Bank/Digital Agency at receiving/credit account end)
*0.3 % BTT means just 30 paisa per 100 rupees or 3 rupees per 1000 rupees
@ Just 0.3 % BTT, Central Govt. will get ~ ₹ 6.6 Lakh Crore* (~ 2.5 Times Current Revenue) Additional Live Revenue to Banking System
* https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics Payment System Indicators
QR Code/Cheque/Online: Arthkranti Rashtriy Arthik Saksharata Manch | State Bank of India A/C No.: 35520611044 | IFS Code: SBIN0006756
Arthakranti Rashtriy Arthik Saksharata Manch (Reg. No. F 23495 (Latur) Maha/646/15)
Contact : 98811-51161 | 70182-59085 | 93267-80266 | 94037-67677 | 95456-66777 | 83338-01001 | 97668-30307 | 98228-98690
Max. ₹ 200 | www.arthakranti.org | arthakranti.ad@gmail.com | meet.anilbokil@gmail.com | @arthakranti | @arthakrantiofficial
Arthakranti has submitted this proposal to the Government of India following CORONA aftermath.