Good News Government ready to include petrol, diesel under GST, says FM Arun Jaitley

[abhi1276]

With a consistent demand for the inclusion of petroleum products under the GST, the government may soon bring in these products under the uniform tax regime. The first clear indication on this came from Union Finance Minister in Parliament on Tuesday when he said the government was willing to include petrol, diesel and other allied products under the Goods and Services Tax (GST), and that before the GST Council took a decision, the government was awaiting response from different states of the country. Answering a question asked by Telugu Desam Party (TDP) MP Devendra Goud in Rajya Sabha, Jaitley said the constitution amendment, already passed and ratified by state assemblies, has kept petroleum and allied products under the GST, but the final decision would be taken by the GST Council only. "We don't need to amend any law if petroleum products are to be brought into the GST, but only after the council takes a decision is when it will be introduced," he said.

Government ready to include petrol, diesel under GST, says FM Arun Jaitley

 

[Amit1079]

Whatever government tells,it will give from one hand and take from other hand,that's confirm, I am not blaming onlyBJP,all governments till now

 

[Karthik.]

If it doesnt take from the other hand,entire governance will come to a standstill,without money.

 

[piinku1]

but tax slab will be 40%

 

[Amit1079]

40
Better to stay out of GST

 

[Sarkar]

40
Better to stay out of GST

Why ? current tax is more than 100%, I think close to 150 %, so if we take it 100% then still 60% reduction

 

[Sarkar]

Govt favours GST on petrol, diesel but states’ consensus needed: Arun Jaitley

Government is considering bringing petroleum, electricity, real estate and alcohol under GST and may make an announcement to this effect in its upcoming budget.

 

[PRK]

Govt favours GST on petrol, diesel but states’ consensus needed: Arun Jaitley

Government is considering bringing petroleum, electricity, real estate and alcohol under GST and may make an announcement to this effect in its upcoming budget.

States under BJP will oblige even if they might not like, but hard to convince others. But, if brought, it will be good for consumers (considering the effective rate will mostly be lower than current taxes).

 

[Digital Mastermind]

With a consistent demand for the inclusion of petroleum products under the GST, the government may soon bring in these products under the uniform tax regime. The first clear indication on this came from Union Finance Minister in Parliament on Tuesday when he said the government was willing to include petrol, diesel and other allied products under the Goods and Services Tax (GST), and that before the GST Council took a decision, the government was awaiting response from different states of the country. Four days ago, Bihar Finance Minister and GST Council member Sushil Modi had said the government should bring in petroleum under the GST ambit. Also, the Petroleum Ministry has been advocating for a uniformity of taxes on petroleum products due to price variation in states after levying of Value Added Tax (VAT).

Source: Government ready to include petrol, diesel under GST, says FM Arun Jaitley

 

[im_dude]

But I heard that even its under gst,there will be no effect on the price.