Maharashtra has not taken the decision of acquiring of revenue rights of territorial waters easily as the meeting after the decision announced has sent a straightforward indication to all the apex authorities to go down into this matter.
The state also directed the views towards the loss which it has to bear after the acquiring and it was close to 1000 crore. The center has the vision to take the rights over the sea water territory of states which will ultimately provide them the extra revenue but the states who sell oil and petroleum at the seashores are not ready to give away the rights as for a Better purpose.
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The statement all over the media has surrounded and an official also came forward to tell the actual discussion and mentioned that “We have opposed the Centre’s claim on GST on territorial waters. Usually, such tax is charged on petroleum products and gas. But we will lose Rs 1,000 crore in tax if the Centre claims the tax. The matter is still pending for a final decision.”
Maharashtra, Karnataka, Tamil Nadu, Gujarat, West Bengal, Kerala and Andhra Pradesh were the states who participated in the meeting and added a discontentment into the decision, while the state finance minister Sudhir Mungantiwar also said that “We have demanded from the Centre the implementation of GST from April, which will make the calculation of taxes easier. We cannot have two different tax systems and cannot retain the old tax collection system. It will become very complicated.”
Meanwhile, the union wants to announce a partial budget before the official dates and in this ratio, the official said that “We will have to prepare a lot of things if budget is to be declared in advance. Every department has been given some deadline to spend its funds and get receipts. We will have to hurry up everything.”