Comments
A day ahead of a crucial meeting of the GST Council, the Congress asserted its demand to bring petroleum products and real estate under the Goods and Services Tax’s ambit.
The party on Wednesday said that the Centre must take all States on board before coming to a decision, in order to pass on the benefits of lower crude oil prices.
Addressing reporters here on Wednesday, Manpreet Singh Badal, Finance Minister of Punjab, said bringing petroleum within the GST net would help exporters, too.
Asked if the Congress would propose any concrete steps to compensate States for the possible revenue loss if and when petroleum is brought into the GST net, he said it is up to the Council to take a decision.
‘Most taxed product He said there are multiple taxes on petroleum. “This is probably the most taxed product,” he said, adding that if the Centre wants to follow a ‘one nation, one tax’ principle, then petroleum should not be kept out of the GST’s purview.
“Petrol and diesel prices are skyrocketing. The Modi government is profiteering at the expense of the common man. To provide relief to consumers, petroleum prices should be brought under GST,” Badal said.
He said GST was projected to usher in growth, but its “flawed implementation” had resulted in an economic mess.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.