With 90% tax on petrol & diesel, bringing them under GST impractical, says NITI Aayog Vice Chairman
Updated : June 27, 2018 11:53 AM IST
Petroleum is the taxation milch cow for the central and the state governments and it is unlikely to be brought under the Goods and Services Tax (GST) any time soon.
That's also the view of the Vice Chairman of Niti Aayog, Rajiv Kumar. Several senior ministers have demanded that petroleum products -- basically petrol and diesel -- be brought under the the new taxation regime.
But says Kumar: "It (oil) can't be brought under GST. That's because the total state and central taxes on petrol put together are around 90 per cent right now."
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