{"id":405420,"date":"2021-03-17T12:29:35","date_gmt":"2021-03-17T06:59:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405420"},"modified":"2021-03-17T13:20:26","modified_gmt":"2021-03-17T07:50:26","slug":"fm-sitharaman-says-no-proposal-to-bring-petrol-diesel-atf-gas-under-gst","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fm-sitharaman-says-no-proposal-to-bring-petrol-diesel-atf-gas-under-gst\/","title":{"rendered":"FM Sitharaman says no proposal to bring petrol, diesel, ATF, gas under GST"},"content":{"rendered":"<p>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 Goods and Services Tax (GST).<\/p>\n<p>When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities \u2013 crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) \u2013 were kept out of its purview given the revenue dependence of the central and state governments on this sector. <\/p>\n<p>This meant that the central government continued to levy excise duty on them while state governments charged VAT. These taxes, with excise duty, in particular, have been raised periodically.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 Goods and Services Tax (GST). When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities \u2013 crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) \u2013 were kept out of its purview given the revenue dependence of the central and state governments on this sector. This meant that the central government continued to levy excise duty on [&hellip;]<\/p>\n","protected":false},"author":40,"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-405420","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\/405420","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=405420"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405420\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}