GST council: Kerala to oppose move to bring petrol, diesel under GST regime

Kerala on Thursday said it will vehemently oppose any move to bring petrol and diesel under the GST regime as that will further reduce revenue generation for the state and asserted that the Centre should reduce its levies on the two commodities to provide relief to the common people.

Central excise and state VAT (Value Added Tax) make up for almost half of the retail selling price of petrol and diesel. Bringing them under the Goods and Services Tax (GST) would impact revenue generation for the states.

Talking to PTI, Kerala Finance Minister K N Balagopal said the state will strongly oppose, if there is any move to bring petrol and diesel under the GST regime.