With a consistent demand for the inclusion of petroleum products under the GST, the government may soon bring in these products under the uniform tax regime. The first clear indication on this came from Union Finance Minister in Parliament on Tuesday when he said the government was willing to include petrol, diesel and other allied products under the Goods and Services Tax (GST), and that before the GST Council took a decision, the government was awaiting response from different states of the country. Four days ago, Bihar Finance Minister and GST Council member Sushil Modi had said the government should bring in petroleum under the GST ambit. Also, the Petroleum Ministry has been advocating for a uniformity of taxes on petroleum products due to price variation in states after levying of Value Added Tax (VAT).
Source: Government ready to include petrol, diesel under GST, says FM Arun Jaitley
Source: Government ready to include petrol, diesel under GST, says FM Arun Jaitley
