Finance Bill passed, FM Sitharaman says will discuss GST on petroleum if states want it

NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said that the government will take up efforts to rationalise the customs duty structure in order to help domestic businesses, especially the MSME segment. She also added that if states so want, she would discuss bringing Petrol under GST in the next meeting.

She was speaking during a debate on the Finance Bill in the Parliament. Referring to the issues raised by various members on higher taxes on motor fuel, Sitharaman said that she would love to discuss the issue of bringing petrol and diesel under GST in the next GST Council meeting. “A point which members raised—bring petrol and diesel into GST. The highest tax today on petrol and diesel is in Maharashtra. I’m not pointing out whether one state is more or less.