With petrol and diesel rates skyrocketing, Road Transport and Highways Minister Nitin Gadkari on Friday advocated bringing fuel under GST to curb the price rise. He, however, said it was his personal opinion, and the decision regarding this remained with the Petroleum Ministry.
“Petrol and diesel should have been brought under the Goods and Services Tax. I asked officials during a presentation if we bring fuel prices under GST, will it benefit the states or not… they said ‘yes’, they will benefit,” Gadkari said at a news conclave.
He said, however, the states were wary of losing revenue on account of taxes they collect from fuel prices and liquor. “It will be good if fuel prices are brought under GST. This will not only reduce the fuel prices, but also increase the government’s revenue,” he said. IANS
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