Finance secretary Hasmukh Adhia on Friday said the all powerful GST Council will consider bringing petroleum products under Goods and Services Tax (GST) and it could happen in phases.
A day ahead of a crucial meeting of the GST Council, the Congress asserted its demand to bring petroleum products and real estate under the Goods and Services Tax’s ambit.
The Karnataka High Court last week allowed a ship loaded with petroleum products to set sail, averting an energy crisis in Mauritius.
Speaking in the Rajya Sabha on Tuesday Finance Minister Arun Jaitley said the government wants to bring petroleum and petroleum products under the ambit of GST and is awaiting the states’ response on the same.
All powerful goods and services tax (GST) Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar finance minister Sushil Modi said in New Delhi.
Petroleum Products Inclusion In GST Only Way For Rational Fuel Prices Says Minister For Petroleum And Natural Gas Dharmendra Pradhan
The Centre and the states need to bring petroleum products into the goods and services tax (GST) framework sooner rather than later
Aiming to give a major push to digital drive, the government is planning to put petrol and diesel along with its various products on e-commerce platform.
Crude oil prices in the international market have come substantially down, but surprisingly the prices of petroleum products in India are on the rise, pinching the common man’s pocket.
States have refused the central government’s appeal to bring petroleum products under the ambit of Goods and Services Tax (GST) even as prices of petrol and diesel continue to skyrocket in contrast to global standards.
Now that GST rates for over 500 services and 1,200 goods have been finalised, the clamour to get petroleum products in the Goods and Services Tax (GST) net is growing, with the first salvo being fired by Jammu and Kashmir