Bhopal . Even though there has been a big decline in the prices of crude oil in the international market during the last five years, the common people have not got any relief from the expensive prices of petrol and diesel. But in these five years, the central and state governments have definitely filled their coffers by imposing tax on petrol and diesel. Madhya Pradesh government’s earnings in the first six months (April to September) have been better as compared to the last five years.
Petrol, diesel and liquor have given a big boost to the economy of the state. 1802 crore rupees more have been received from VAT on petrol and diesel and excise duty on sale of liquor as compared to last year, these extra receipts will enable the payment of one and a half months of Ladli Brahmin Yojana. The state has received Rs 7 thousand crore more from the state’s share in central taxes in six months compared to the same period last year, but the grant received from the center has decreased by Rs 4 thousand crore. This increase is Rs 3 thousand crore more than this, but the expenditure on increased DA of the employees is making a dent in it.
17023 crore mill from SGST
State Goods and Services Tax (SGST) has received Rs 17023 crore in the first six months of the year 2024-25, which was Rs 19481 crore during the same period last year. This decrease is 12.61 percent. This shortfall will remain in the budget coming in February. The reason for this was that the arrangement made by the Center to reduce the taxes of the states under the Goods and Services Tax system was only till June 2022. Therefore this shortage will persist. From this earning, one and a half month payment of Ladli Brahmin Yojana will be made. The income profile of the government between April and September of the financial year 2024-25 has been like this. It is noteworthy that the state government is getting Rs 6 thousand crore more in taxes than last year, this increase is also 8.14 percent, but the total revenue receipts this year were Rs 1 lakh 6 thousand crore which was Rs 1 lakh 3 thousand crore last year. . Therefore this increase is only 2.24 percent. In this, the state’s share in the central taxes received from the Center and the share in grants-in-aid from the Center is up to 80 percent.
Revenue increased from fuel, not liquor
Liquor consumption in the state is increasing by 21 percent every year, but the annual growth of revenue from it is only 19.54 percent. In comparison, the increase in sales of petrol and diesel was less than 7 percent, but this is bringing 34 percent more money into the treasury every year. The government’s own figures are testifying to this. The special thing is that the government does not have to deploy its own staff to collect tax on petrol and diesel. Oil companies themselves collect this tax and deposit it in the government treasury. But the responsibility of collecting revenue on other items including liquor rests with the government departments. Experts say that the government is not able to increase the income from liquor and other items through its employees. The common man is having to pay the brunt of this by paying increased prices of petrol and diesel.