(TOI)
Petroleum MinisterDharmendra Pradhan on Tuesday reiterated the demand for bringing in petroleum products under the GST regime, though the suggestion has not yet elicited favorable response from the Union Finance Minister or the states. Responding to questions from the reporters here the Minister however declined to make a suggestion on what should be the unified tax rates for the petroleum products under the GST regime.
“The petroleum products must have a rational tax structure, which takes into account of the resource mobilization requirements of the Centre and the States. The Tax rate must also protect the consumer interests,” Pradhan said. When it was pointed out to him the GST regime has fixed a tax rate ceiling of 28 per cent and the petroleum products currently have much higher tax rates, the Minister said the apt body to the fix the tax rates was the GST Council which is essentially a body of the states.
