{"id":349846,"date":"2020-05-06T11:31:40","date_gmt":"2020-05-06T06:01:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349846"},"modified":"2020-05-06T11:31:40","modified_gmt":"2020-05-06T06:01:40","slug":"bring-petrol-diesel-under-gst-any-hike-in-taxes-to-depress-demand-assocham","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bring-petrol-diesel-under-gst-any-hike-in-taxes-to-depress-demand-assocham\/","title":{"rendered":"Bring petrol, diesel under GST; any hike in taxes to depress demand: ASSOCHAM"},"content":{"rendered":"<p>Sooner petrol and diesel are brought under the GST , better it would be for the Indian economy , because changes in the Goods and Services Tax are brought only after wider deliberations by the GST Council , said ASSOCHAM Secretary General Mr Deepak Sood.<\/p>\n<p>Governments, both at the Centre and States have been over-dependent on petrol and diesel for revenue. While this over-dependence needs to be brought down, there is a strong case for a national parity for prices of the automobile fuel. &#8220;Otherwise, the broader objective of a single market under the GST remains unfulfilled,&#8221; Mr Sood said.<\/p>\n<p>He said the industry has been seeking a bold stimulus package for providing immediate relief as it is reeling under the 42-day lockdown, due to Covid-19 crisis. One of the main reasons for the stimulus is to revive the demand by way of tax reductions. &#8220;But, on the contrary, if taxes are raised , demand would be further depressed, giving a jolt to the economy&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sooner petrol and diesel are brought under the GST , better it would be for the Indian economy , because changes in the Goods and Services Tax are brought only after wider deliberations by the GST Council , said ASSOCHAM Secretary General Mr Deepak Sood. Governments, both at the Centre and States have been over-dependent on petrol and diesel for revenue. While this over-dependence needs to be brought down, there is a strong case for a national parity for prices of the automobile fuel. &#8220;Otherwise, the broader objective of a single market under the GST remains unfulfilled,&#8221; Mr Sood said. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-349846","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349846"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349846\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}