GST council meeting: Will petrol and diesel come under GST? This is what FM Nirmala Sitharaman said

  • Finance Minister Nirmala Sitharaman said that it is up to states to decide and come together and get petrol and diesel into GST.

Pratik Prashant Mukane
Updated22 Jun 2024, 09:23 PM IST
An attendant fuels a vehicle at a Bharat Petroleum Corp. Ltd. station.
An attendant fuels a vehicle at a Bharat Petroleum Corp. Ltd. station.

Amid questions about whether petrol and diesel will be brought under Goods and Service Tax (GST), Union Finance Minister Nirmala Sitharaman on Saturday said the intent of the Central government is clear that they want the GST to include petrol and diesel.

The Finance Minister responded to a query during a press conference held after the 53rd GST council meeting.

Sitharaman said that it is up to the states to decide, come together and get petrol and diesel into GST.

Also Read | GST Council Meeting: FM-led panel approves 12% on milk cans; 10 key highlights

“We did not discuss it (during the meeting), but petrol and diesel, even when GST was implemented, I remember Arun Jaitley talking about it. Once the states agree, they have to decide on the rate of taxation in the council. Once that decision is taken, it will be put into act.”

Sitharaman said that the intent of the central government when the GST was implemented, was eventually that petrol and diesel could be brought into GST.

“…Then we don't have to go and ament the law. The provision has already been made that it can be brought into GST. The states have to agree, come into the GST council and decide what rates they agree on.”

Also Read | FM announces pan-India roll out of biometric-based Aadhaar authentication

Our intent is to make GST assesses life easier: FM

— Decisions on trade facilitation, easing compliance burden and giving relief to tax taxpayers in terms of compliance easing out were taken in the 53rd GST Council Meeting, said Sitharaman.

— I want to reassure the assesses that our intent is to make the GST assesses life easier.

— We are working towards less and less compliance.

— On behalf of the CGST, notices are not being sent left, right and center.

— If there are 1.14 lakh assesses, only 1.96 per cent have been sent any notice from the Central GST.

— Our intention is to easier, simpler and less cumbersome (process).

 

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First Published:22 Jun 2024, 09:23 PM IST
HomeEconomyGST council meeting: Will petrol and diesel come under GST? This is what FM Nirmala Sitharaman said

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