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Business EconomyPosted at: Oct 19 2021 4:33PM


Kassia demands 35 percent sales tax cut on

Bengaluru, Oct 19 (UNI) Karnataka Small Scale Industries Association (Kassia) has urged Chief Minister Basavaraj Bommai to immediately cut 35 per cent sales tax on fuel and the centre to reduce Rs 32.90 excise duty charged on fuel per litre.
"The workers are demanding to increase their salaries to meet their rising commuting cost as most of them use their own vehicle for commuting. Even in the case of those workers who use public transport for work, there is a real possibility that they too will be increasing the fare sooner than later," the Kassia said in a statement.
It said the government should not delay its decision to reduce duty on the fuel because its consumption level has returned to pre-Covid times indicating that the economy is on the rebound.
"The state and the centre should act collectively to trim down the price rise otherwise the situation will run out of control and let inflationary conditions into the economy," Kassia said.
Due to the rising commuting cost, the workers are demanding a hike in their salaries, Kassia said.
"Even in the case of those workers who use public transport for work, there is a real possibility that they too will be increasing the fare sooner than later," the Association said.
Moreover, many vendors have signed up one year or more contracts with their purchasers, and now the increase in diesel price has effectively reduced their margin which they cannot pass onto their customers.
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