05-March-2021
Taxation
 
Signs that Modi government wants to bring petrol and diesel under GST – and the reasons why it is difficult
23-Feb-2021

The Modi government could be gearing up to bring petroleum under the Goods and Services Tax (GST) regime, at a time when petrol prices have broken all past records and breached the Rs. 100 mark in several parts of the country. When it was rolled out in 2017, the GST regime brought a wide range of products and almost all services under its purview, and the latest to join this list could be petroleum – this is an issue that seems simple on the outset but is a lot more complicated than that. However, the Modi government could be aiming to put this issue behind it if Finance Minister Nirmala Sitharaman’s recent comments are anything to go by.

News Source:- https://www.businessinsider.in/finance/news/why-is-it-difficult-to-bring-petrol-and-diesel-under-gst-for-modi-government/articleshow/81167129.cms