(ET)
It is only a matter of time before petrol and diesel are brought under the GST regime, though no state has stepped forward to propose this yet, union minister for petroleum and natural gas Dharmendra Pradhan said.
Under pressure due to high fuel prices, Pradhan’s ministry has been in favour of bringing petrol and diesel under the GST system as subsuming central and state taxes to one levy could ease the price. But the idea has not found any support with states, and a section section at the Centre, as they are reluctant to let go of their share of revenue, said the minister.
But he expressed optimism that petrol and diesel would eventually be brought under GST. He said companies in the energy sector were taking a hit as they were unable to claim input tax credit under GST.
