GST NEWS
Indore: No consensus on bringing petrol prices under GST yet, says minister Shiv Pratap Shukla
Indore: No consensus on bringing petrol prices under GST yet, says minister Shiv Pratap Shukla
May 15, 2018

Union minister of state for finance Shiv Pratap Shukla on Monday said that the centre is trying to build consensus on bringing petrol and diesel prices under Goods and Services Tax (GST) but there is no breakthrough so far.

“We have asked GST Council to bring petroleum products under its fold but states did not agree. States are not in favour of bringing petroleum products under GST at present,” Shukla told mediapersons at BJP office. He said petroleum ministry wants to put fuel prices under purview of GST but it is not possible without states’ consent. “But we have not given up. We are trying to convince states,” Shukla said.

Responding to a query, he said that it’s true that in most states BJP led government is in power. “But centre is trying for pan-India consensus on bringing petroleum products into GST fold,” he remarked. Though GST rolled out on July 1 last year, the real estate, crude oil, jet fuel or ATF, natural gas, diesel and petrol were kept out of its purview. This meant that the products continued to attract duties like central excise and VAT. 

Answering a query on banning Rs 2000- notes, Shukla said that there is no such proposal now. He said there is no shortage of currency notes. “All ATMs are filled with notes,” he said.

To a query on Karnataka assembly elections, he said BJP will form the government. “We will not require anybody’s support to form government in Karnataka. We will form government on our own,” he said when asked if the BJP will tie up with JDS in case of hung assembly.

Source :  The Free Press Journal

Top Stories
Outcome of 27th GST Council Meeting
The 27th GST Council Meeting chaired by Finance Minister Arun Jaitley today finalised a single, mont...
May 4, 2018
2261 Views
In a first, GST collection for April tops Rs 1 lakh crore
The Goods and Services Tax (GST) revenue collection for the month of April has topped Rs 1 lakh cror...
May 1, 2018
340 Views
Not so sweet: GST Council may consider sugar cess in next meeting
The Goods and Services Tax (GST) Council, headed by finance minister Arun Jaitley, will likely take ...
Apr 25, 2018
186 Views
GST: Govt Extends Due Date for Filing GSTR-1
The Central Board of Excise and Customs (CBEC) today extended the time limit for filing of GSTR-1 fo...
Mar 28, 2018
1806 Views
Business with nil tax liability may get to file GST returns bi-annually
Businesses having zero tax liability for six consecutive months under GST may soon get relief once t...
Mar 25, 2018
485 Views
Articles on GST