(PTI)
Oil Minister Dharmendra Pradhan on Monday made a vehement appeal to Finance Minister Nirmala Sitharaman for bringing jet fuel and natural gas under the ambit of GST to reduce multiplicity of taxes and improve business climate. When GST was introduced on July 1, 2017 amalgamating over a dozen central and state levies, five commodities – crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) – were kept out of its purview given the revenue dependence of state governments on this sector.
“It has been two years since the historic tax reform GST was implemented,” Pradhan said at India Energy Forum of CERAWeek here. “There has been continuous demand from the petroleum industry for inclusion of petroleum products under GST regime. I make a strong appeal to Finance Minister to take this up with the GST Council and at least make a beginning by including natural gas and ATF in the GST.”Sitharaman was supposed to attend the conference but could not reach on time to hear Pradhan speak.
