Minister of Petroleum & Natural Gas Dharmendra Pradhan on Wednesday said that any decision regarding levy of GST on petroleum products has to be decided as per recommendation of the GST Council.
As per the section 9(2) of the CGST Act, inclusion of all excluded petroleum products, including petrol and diesel in GST will require recommendation of the GST Council, Pradhan in a written reply in the Rajya Sabha said.
“Goods and Services Tax Council shall recommend the date on which goods and services tax shall be levied on petroleum crude, high speed diesel, motor spirit, natural gas and aviation turbine fuel.
Thus while, petroleum products are constitutionally included under GST, the date on which GST shall be levied on such goods, shall be as per the decision of the GST Council,” Pradhan said. Read More
Latest posts by Zeenews.India (see all)
- After Tejas, Indian Railways plans to extend compensation for delays scheme to Rajdhani and Shatabdi trains - October 5, 2019
- Delhi-Katra Vande Bharat Express set for commercial run from Saturday; here’s everything you need to know about the hi-tech train - October 5, 2019
- New Delhi Railway station turns Eco friendly! Here’s the ground report - October 2, 2019