Bangkok Noi

Petrol and diesel to not be included in GST

เผยแพร่เมื่อ: 24 August 2018 | 588 ดู

Central and state governments opposed the move, fearing loss of a major source of revenue.

  • Petrol and diesel to not be included in GST

For those hoping petrol and diesel would be included in the Goods and Services Tax (GST) ambit, you might have to wait much longer. According to a PTI report, neither the central government nor state governments are in favour of this move, citing that it could lead to a major revenue loss.

Petro-products such as petrol, diesel, natural gas, crude oil and aviation turbine fuel (ATF) were excluded from the GST regime. The Union Finance Ministry brought up the issue at the GST council meeting on August 4, but central and state governments were opposed to the idea.

The central government’s input tax credit reduces by close to Rs 20,000 crore, which it receives in the form of all the taxes levied on petro-products.

ข่าวสารที่คุณอาจชอบ

Near-production form Yamaha Fazer 250 spotted
เผยแพร่เมื่อ: 31 July 2017

The bike is expected to be launched this festive season. ...

อ่านเพิ่มเติม
DSK launches Benelli 302R in India
เผยแพร่เมื่อ: 31 July 2017

The company began accepting bookings last month. ...

อ่านเพิ่มเติม