Gst On Petroleum

Compensation cess and petroleum to fire up GST Council meeting

The Centre is likely to convey that GST revenues would do better than expected this year and a compensation cess of Rs 1 trillion would be released to states

Top headlines: Govt to privatise profit-making PSUs, Wipro to buy Capco

Many states are open to the idea of petrol and diesel being brought under the goods and services tax (GST) regime - contrary to the perception that they are averse to it.

Petroleum products should be brought under GST, suggests Assocham

The two-year period for keeping petroleum products outside GST is almost over, said Assocham

Congress should impose GST on petroleum if it comes to power: Activists

The chairman of Congress manifesto committee P Chidambaram chaired the discussion

'With 28% GST on petrol and diesel, states too may levy additional taxes'

For petrol and diesel, the total incidence of present taxation is already beyond the peak rate

GST on petroleum: Jaitley throws the ball to Congress-ruled states

Jaitley had said that the Centre wanted to bring petroleum under the ambit of GST and was awaiting responses from states

Petrol under GST: Decision after weighing revenue impact, says MP minister

The Madhya Pradesh govt has reduced VAT on petrol and diesel by three and five per cent, respectively

Council to decide on bringing petroleum products under GST: Pradhan

He says bringing petroleum products under the ambit of the GST would provide relief to the customers

States wary of GST on petroleum

While the Centre is criticised for not cutting excise duty on petroleum products, it is the states which gain more from the rise in their prices