Home / Business / With No Consensus Between Centre And States, Petrol And Diesel Will Not Come Under GST

With No Consensus Between Centre And States, Petrol And Diesel Will Not Come Under GST

Picture : Representational Image Purpose Only
Picture : Representational Image Purpose Only

Petrol and diesel will not come under the purview of Goods and Services Tax (GST) in the immediate future as neither the Central government nor any of the states is in favour on fears of heavy revenue loss, a top source said .

When the one-nation-one-tax regime of GST was implemented in July last year, five petro-products – petrol, diesel, crude oil, natural gas, and aviation turbine fuel (ATF) were kept out of its purview for the time being.

Though there have been talks in the industry and by some ministers, including by Oil Minister Dharmendra Pradhan and Road Transport Minister Nitin Gadkari, for the need to bring them under GST at the earliest to deal with volatility in prices, there is no immediate plans on the anvil to do so, the source, who wished not to be named, said.

The Union finance ministry, he said, has not mooted any proposal to bring petrol and diesel or even natural gas under GST but took up the issue at the last GST Council meeting on August 4 based on media reports. “All states were opposed to the idea,” he said.

About Impactnews Desk

Check Also

File Picture

In Series Of Tweets, P Chidambaram Pulls Up Government Over It’s Failure To Control Fuel Prices And Curb Black Money

Senior Congress leader and former Finance Minister P Chidambram has come down hard on the …

Leave a Reply

Your email address will not be published. Required fields are marked *