Oil Minister Dharmendra Pradhan said on Wednesday said that the Centre and the industry are in favour of including petroleum products in the Goods and Services Tax (GST) but the GST Council will take a final call on it.
Whatever the GST Council decides on including petroleum products within GST ambit, “we would stand by that,” Pradhan said in reply to a question in the Rajya Sabha.
Five petroleum products– petrol, diesel, natural gas, crude oil and ATF — are still out of the ambit of GST.
Union Minister has said that Article 279A (5) of the Constitution provides that Goods and Services Tax Council shall recommend the date on which goods and services tax shall be levied on petroleum crude, high speed diesel, motor spirit, natural gas and aviation turbine fuel.
In a written reply in Rajya Sabha today, the Minister said that while, petroleum products are constitutionally included under GST, the date and rate on which GST shall be levied on such goods, shall be as per the decision of the GST Council.
