Question

Write 10 to 15 lines on Central and state government reduce taxes on fuel​

Answer 1

Answer:

tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the

government, a payment exacted by legislative authority. A tax "is not a voluntary payment or donation, but an

enforced contribution, exacted pursuant to legislative authority". Taxes consist of direct tax or indirect tax, and

may be paid in money or as its labour equivalent (often but not always unpaid labour). India has a well

developed taxation structure. The tax system in India is mainly a three tier system which is based between the

Central, State Governments and the local government organizations. In most cases, these local bodies include

the local councils and the municipalities. According to the Constitution of India, the government has the right to

levy taxes on individuals and organizations. However, the constitution states that no one has the right to levy or

charge taxes except the authority of law. Whatever tax is being charged has to be backed by the law passed by

the legislature or the parliament. Article 246 (SEVENTH SCHEDULE) of the Indian Constitution, distributes

legislative powers including taxation, between the Parliament and the State Legislature.

Schedule VII enumerates these subject matters with the use of three lists;

• List - I entailing the areas on which only the parliament is competent to makes laws,

• List - II entailing the areas on which only the state legislature can make laws, and

• List - III listing the areas on which both the Parliament and the State Legislature can make laws upon

concurrently. Separate heads of taxation are provided under lists I and II of Seventh Schedule of Indian Constitution. There is no head of taxation in the Concurrent List (Union and the States have no concurrent power of taxation)

Answer 2

 If these fuels are brought under ambit of GST by abolishing all other central and state taxes.