Nirmala Sitharaman Urges States to Bring Petrol, Diesel Under GST

Finance Minister Nirmala Sitharaman emphasized the central government’s intention to bring petrol and diesel under GST. This move, which was provisioned by former Finance Minister Arun Jaitley, now requires state governments to agree on a tax rate. This change promises uniform fuel taxation across India.


PTI | New Delhi | Updated: 22-06-2024 20:27 IST | Created: 22-06-2024 20:27 IST
Nirmala Sitharaman Urges States to Bring Petrol, Diesel Under GST
Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman reiterated the central government's commitment to incorporating petrol and diesel under the Goods and Services Tax (GST) framework. She indicated that while the central provision exists, it is now up to state governments to reach a consensus on the applicable rate.

Sitharaman highlighted former Finance Minister Arun Jaitley's efforts in laying the groundwork for this transition. The inclusion of these fuels in GST aims to streamline tax rates and eliminate the current dual taxation system of excise duty and VAT, which has often led to frequent tax hikes.

Addressing the press after the 53rd GST Council meeting, Sitharaman stressed that the states need to finalize their agreement in the council, which would then pave the way for a more uniform taxation policy on fuels across the nation.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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