Bringing Petrol, Diesel Under GST Limits Pan India: SBI Research

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

One of the unfinished agendas of the current goods and services tax regime is bringing petrol and diesel under GST.

Centre and states are loathe to bring crude oil products under the GST regime as sales tax/value-added tax on petroleum products is a major source of own tax revenue for them.

Thus, there is lack of political will to bring crude under the ambit of GST.

Interestingly, no country in the world has a completely transparent mechanism in pricing petroleum products. However, the federal nature of taxing makes estimating state-wise petroleum, oil, and lubricants related product prices an especially tough exercise for India.

Click on the attachment to read the full report:


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button