{"id":438120,"date":"2021-09-25T10:26:33","date_gmt":"2021-09-25T04:56:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438120"},"modified":"2021-09-25T10:26:33","modified_gmt":"2021-09-25T04:56:33","slug":"view-inclusion-of-fuel-under-gst-should-be-rule-based","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/view-inclusion-of-fuel-under-gst-should-be-rule-based\/","title":{"rendered":"View: Inclusion of fuel under GST should be rule-based"},"content":{"rendered":"<p>As the Indian economy recovers from the Covid shock and climbs a slow grind higher, the unprecedented high retail price of petroleum products remains a concern. While international crude oil price (at around US$75 \/ barrel) today is nearly 50% lower than its all-time high in July 2008, India\u2019s petrol and diesel prices are higher today by about 100% and 150% respectively since that time.<\/p>\n<p>Taxes on petroleum products follow a complex structure involving central excise duty and a combination of various state level taxes (eg., cess, extra VAT, surcharge, ad valorem tax) that varies heavily across states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Indian economy recovers from the Covid shock and climbs a slow grind higher, the unprecedented high retail price of petroleum products remains a concern. While international crude oil price (at around US$75 \/ barrel) today is nearly 50% lower than its all-time high in July 2008, India\u2019s petrol and diesel prices are higher today by about 100% and 150% respectively since that time. Taxes on petroleum products follow a complex structure involving central excise duty and a combination of various state level taxes (eg., cess, extra VAT, surcharge, ad valorem tax) that varies heavily across states.<\/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-438120","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\/438120","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=438120"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438120\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}