Live
- MP: Sanatan Hindu Ekta march gets support from BJP & Congress
- Trinamool to hold crucial Working Committee meeting on Monday, organisational reshuffle on agenda
- Who is Breon Peace? The US Attorney Behind the Indictment of Gautam Adani
- Quick commerce workforce expansion to surge by 60 pc in India
- Omar Abdullah to embark on Umrah visit to Saudi Arabia on Nov 24
- Hyderabad Population 2024: 1.6 Crore People and 85 Lakh Vehicles Under HYDRAA's Jurisdiction
- "Wanaparthy District Collector Adarsh Surabhi Orders Precautions to Ensure Safe Mid-Day Meals"
- Jain Monk Shri 108 Jnaneshwar Muni Attains Samadhi at Devlapur
- Meet DJ Yogi: The Favorite DJ of Bollywood Celebrities and Sports Stars
- Synergy Marine Group Champions Onboard AI Agriculture for Healthier Crews and a Greener Future
Petrol under GST in stages, says Finance Secretary
Finance Secretary Hasmukh Adhia on Friday said the allpowerful GST Council will consider bringing petroleum products under Goods and Services Tax GST and it could happen in phases
​New Delhi: Finance Secretary Hasmukh Adhia on Friday said the all-powerful GST Council will consider bringing petroleum products under Goods and Services Tax (GST) and it could happen in phases.
Speaking on the issue, Central Board of Indirect Taxes and Customs Chairman S Ramesh said although there is demand for bringing petroleum products under GST, the GST Council will have to finalise modalities.
Currently, diesel, petrol, crude oil, natural gas and aviation turbine fuel are outside the purview of GST, and states have the right to impose value-added tax on these items.
"One of the demands that is there before us, we will see... everything will happen in stages," Adhia said at an event here. The Civil Aviation Ministry has time and again voiced its concern on the high rate of taxes on aviation turbine fuel, which accounts for a significant chunk of an airline's operational costs and also has a bearing on air fares.
Earlier, the Civil Aviation Ministry had also written to the Finance Ministry seeking the inclusion of jet fuel under the indirect tax regime with full input tax credit at the earliest.
