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Consensus within GST council only way to bring petroleum under

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Press Trust of India Bengaluru
: Minister of State forPetroleum and Natural Gas Dharmendra Pradhan today said consensus within the GST Council was the only way to bringpetroleum products under GST purview and efforts are on in this regard.

"If any commodity has to come to GST regime, it has to be discussed and there must be consensus within the GSTcouncil, that's the mechanism. So there is no question ofexecutive order," he told reporters here.

Speaking after inaugurating Shell's technology centre, he said " as on today petrol, diesel, gas,all these are not under the purview of GST (Goods and Services Tax).As an industry we are pursuing, we are putting our point of view in front of GST council to bring all these commodities into the purview of GST."
 

The historic GST regime has come a step closer to meet its July 1 target of rollout, with the Lok Sabha approving four supplementary legislations on March 29.

The GST Council comprises Finance Ministers ofUnion and states.

Stressing on the importance of consensus within the GST council, Pradhan said he is hopeful that things will "improve" gradually.

"Rightly states have some apprehensions whether they will lose their resource or something else. I think they will understand that in a country like India one tax for the whole country is beneficial."

The Minister also said that India is going to becomethe energy base of the world, with Bengaluru as its epicentre.

He said "with the kind of market we have, we arehundred per cent concentrating on our domestic innovation.

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First Published: Mar 31 2017 | 6:22 PM IST

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