• SENSEX
    NIFTY 50
Economy

No GST on petrol, diesel in near future as Centre, states not in favour

Updated : August 22, 2018 08:14 AM IST

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 are in favour on fears of heavy revenue loss.
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.
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.
No GST on petrol, diesel in near future as Centre, states not in favour

You May Also Like

Live TV

recommended for you

Advertisement