India / Bringing petroleum products under GST will reduce tax on petrol diesel Says Nitin Gadkari

Zoom News : Nov 10, 2021, 10:04 PM
New Delhi: Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday that bringing petroleum products under the purview of GST will further reduce the tax on petrol, diesel and increase the revenue of the central and state governments. Gadkari said that with the support of the state governments, Union Finance Minister Nirmala Sitharaman will definitely try to bring petrol and diesel under the ambit of GST.

Some states are against this decision

Union Minister for Road Transport and Highways Nitin Gadkari said, 'The Finance Ministers of the states are also members in the GST Council. Some states are against bringing petrol and diesel under GST, whereas if petrol, diesel will be brought under GST, then the tax on these will be reduced and the revenue of both the Center and the states will increase.' The GST Council in its September 17 meeting. I decided to keep petrol and diesel out of the purview of GST.

Said this on the decision of the Center

At the same time, on the question related to the reduction of excise duty on petrol and diesel by the central government by Rs 5 and 10 respectively, Gadkari said that the central government has taken a good step to give relief to the common man. He said, “The way the Center has cut excise duty giving relief to the common man, it is expected that the state governments will also follow it and cut VAT. This will give more relief to the common man.

Impact of by-election results?

On allegations that the Center has taken this step in view of the results of by-elections to 30 assembly constituencies and three Lok Sabha seats, Gadkari said that politics is a medium for socio-economic reforms for us. We don't do politics to win elections.

Impact of by-election results?

On allegations that the Center has taken this step in view of the results of by-elections to 30 assembly constituencies and three Lok Sabha seats, Gadkari said that politics is a medium for socio-economic reforms for us. We don't do politics to win elections.

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