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States must adopt Petrol GST as India anyway is fast moving towards 100% electric mobility: Karan Bhasin

States must adopt Petrol GST as India anyway is fast moving towards 100% electric mobility: Karan Bhasin

Bengaluru, Sep 18 (UNI) The state governments are opposing the inclusion of petrol and diesel into the GST ambit for fears of losing revenues. But, what would they do when India achieves its ambitious plan of having 100 percent electric mobility by 2030?
From where will they raise revenues in this eventuality? So, there is an urgent need for the state governments to revisit their fiscal situation and overdependence on fuel to raise revenues.
These are some of the issues that internationally-acclaimed economist Karan Bhasin addressed while speaking to UNI from New York province.

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