No plan to bring petrol, diesel under GST: FM
Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the GST.
When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities — crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) — were kept out of its purview given the revenue dependence of the Central and state governments on this sector.
