“Petroleum Products Can Be Brought Under GST Once States Agree”, Says Nirmala Sitharaman: Deets Inside!
According to Union Finance Minister Nirmala Sitharaman on Wednesday, the approval of the council members is required before petroleum items can be included in the GST. “The provision is already available for petroleum products to be brought into the GST. My predecessor had already made the window keep open. Once the states agree we will have the petroleum products also covered under GST. So, that’s not so much us not doing it, and the entire (GST) council saying ‘yes’,” she said. She made the comments in response to a query while taking part in an interactive post-Budget session of the industry group, PHD Chamber of Commerce and Industry (PHDCCI), in this location. “Not just yes…what they (council members) have to do is to determine a rate and once they tell me the rate, w
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