Centre and petroleum industry favor inclusion of petroleum products in GST
The Centre and the industry favor inclusion of petroleum products in the Goods and Services Tax (GST) but the GST Council will take a final call on it, Oil Minister Dharmendra Pradhan said today.
Five petroleum products-- petrol, diesel, natural gas, crude oil and ATF -- are still out of the ambit of GST.
"When the GST Council framework was set up, at that time notionally all petroleum products were kept under the tax regime. But all states were of the view that their (tax) slabs and (implementation) dates would be decided by them," he said.
At present different state levies on these products have resulted in different pricing. Once these products are brought under the GST regime, there would be uniform pricing across India, the minister said.
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