Union Finance Minister Nirmala Sitharaman, in the wake of queries regarding the inclusion of petroleum products under GST, evoked the foresight of her predecessor, Arun Jaitley. “Today’s GST Council meeting has seen significant strides in trade facilitation, the reduction of compliance burdens, and delivering tangible relief to taxpayers,” she asserted.
When probed about the potential incorporation of fuel within the GST framework, Sitharaman illuminated the groundwork laid by Jaitley. A provision exists under GST law, courtesy of former Finance Minister Arun Jaitley, which encompasses petrol and diesel. The remaining task is a collaborative decision by the states on the levy rates,” she explained.
Sitharaman further elucidated the central government’s stance, emphasizing, “The original intent of GST, championed by Arun Jaitley, included petrol and diesel. The onus now lies with the states to unite and finalize their inclusion. The Central Government’s position is unequivocal; we advocate for GST to encompass petrol and diesel.”
Looking ahead, Sitharaman announced that the subsequent GST Council meeting is tentatively slated for mid to late August. Noteworthy in today’s discussions was the GST exemption for several services provided by Indian Railways to the public, including platform tickets, retiring rooms, waiting rooms, cloakroom facilities, and battery-operated car services. This move signifies a crucial effort to alleviate compliance burdens and extend taxpayer relief. The upcoming session aims to resolve outstanding agenda items from the current meeting, marking a continued commitment to streamline and enhance the GST framework.
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