Center is ready to bring Petrol and Diesel under GST: Union Minister Hardeep Singh Puri | Economy News


New Delhi: India’s Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Monday that the Central government is ready to bring petrol and diesel under the GST purview. However, he added that the states may not agree to this proposal because fuel and liquor are major revenue generators for them.

ALSO READ | What is Doodle 4 Google India competition that Shlok Mukherjee won this year?

“For bringing the petrol and diesel under the GST, the states have to agree. If the states make the move, we are ready. We have been ready all along. That’s my understanding. It is another issue how to implement it. That question should be addressed to the finance minister,” Hardeep Singh Puri said to the media persons.

ALSO READ | Kaynes technology IPO Issue gets over 34% subscription on the last day

At the same time though, he noted that how it would be implemented, is another issue altogether, and this should be addressed to the Finance Minister.

Puri also expressed doubts whether states would agree to bring petrol and diesel under GST, as per the reports.

There are some countries in our neighborhood which have fuel shortages, and prices are exorbitant. But we did not have shortages even in the remote areas of the country. It has been a very strong navigation at the level of the Center and the states. What will happen in the future it is difficult to say. During Covid in March 2020, the price of an oil barrel had come down to USD 19.56 which is now USD 96. I don’t answer hypothetical questions but the efforts of the Central government will be that prices remain stable, he said.

(With PTI Inputs)





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *