Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday that bringing petroleum products under the purview of GST will further reduce the tax on petrol, diesel and increase the revenue of the central and state governments. Gadkari said that with the support of the state governments, Union Finance Minister Nirmala Sitharaman will definitely try to bring petrol and diesel under the ambit of GST. Some states are against bringing petrol and diesel under GST, whereas if petrol, diesel will be brought under GST, then the tax on these will be reduced and the revenue of both the Center and the states will increase. I decided to keep petrol and diesel out of the purview of GST," Gadkari said. The decision came at a time when petrol and diesel price saw their lifetime high before the Centre and the states announced excise duty cuts.

Source: dna November 10, 2021 19:05 UTC