U.T. opposes GST on petroleum products
The Hindu
It will hit the revenue of State governments: Minister
The Union Territory has opposed the inclusion of petroleum products under the purview of Goods and Services Tax.
The Union Territory’s case against the inclusion of petrol and diesel under the GST was made by Minister for Public Works K. Lakshminarayanan, who represented Chief Minister N. Rangasamy, who holds the Finance portfolio, at the GST Council meeting on Friday.
Mr. Lakshminarayanan, in his representation which was released to the media here, said, “For implementation of GST, State governments have surrendered their fiscal autonomy. At present, the State governments have autonomy only in taxing petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas, aviation turbine fuel (ATF) and alcohol.”
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