{"id":403614,"date":"2021-03-08T11:14:21","date_gmt":"2021-03-08T05:44:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403614"},"modified":"2021-03-08T11:14:21","modified_gmt":"2021-03-08T05:44:21","slug":"fm-speak-gst-council-will-decide-on-oil-in-gst","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fm-speak-gst-council-will-decide-on-oil-in-gst\/","title":{"rendered":"FM-speak: GST Council will decide on oil-in-GST"},"content":{"rendered":"<p>Amid a clamour for cut in taxes on auto fuels to check their skyrocketing retail prices, finance minister Nirmala Sitharaman on Friday told a group of journalists at the Indian Women\u2019s Press Corps that the government was not yet ready with a plan to bring these petroleum products under the goods and services tax (GST) regime, but indicated that it might take a call on the issue closer to the GST Council meeting.<\/p>\n<p>Sitharaman, however, was non-committal on whether the states would be compensated for any revenue shortfall arising out of inclusion of these fuels under GST. Since a major part of the Centre\u2019s taxes on the fuels are not shared with states (GST receipts are shareabale), it would also have to assess the revenue implications of the move.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid a clamour for cut in taxes on auto fuels to check their skyrocketing retail prices, finance minister Nirmala Sitharaman on Friday told a group of journalists at the Indian Women\u2019s Press Corps that the government was not yet ready with a plan to bring these petroleum products under the goods and services tax (GST) regime, but indicated that it might take a call on the issue closer to the GST Council meeting. Sitharaman, however, was non-committal on whether the states would be compensated for any revenue shortfall arising out of inclusion of these fuels under GST. Since a major [&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":[130,195,138],"tags":[],"class_list":["post-403614","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403614","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=403614"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403614\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}