Petrol, Diesel Under GST Possible, Price Cut May Follow: Decision On Sept. 17

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Petrol, Diesel Under GST Possible, Price Cut May Follow: Decision On Sept. 17

its upcoming meeting in Lucknow on 17th September, Friday, the Goods and Services Tax (GST) Council may mull including petrol, diesel, and other petroleum products under the ambit of GST, thus significantly reducing prices for fuel and consequently, automobiles. June, the Kerala High Court had directed the council to deliberate and decide on whether petrol and diesel can be included in the indirect tax regime.

The GST council consists of finance ministers of the central and state governments. It will also consider extending duty relief for COVID-19 essentials during this meet on Friday.

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