States are of the view that inclusion of petroleum products under GST is unlikely to reduce their prices as states have powers to levy a tax over and above the peak GST rate
2 min read20 Sep 2018States are reluctant to bring in petrol, diesel under GST and ceding their source of revenue. They want the tax revenues under GST to settle before further changes to the GST architecture
1 min read29 Jun 2018GST Council member Sushil Modi says many states are of the view that petrol and diesel should come under GST, while some have apprehensions
2 min read12 Oct 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared