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Centre open to bringing fuel under GST

By The Assam Tribune

NEW DELHI, May 25 - With petrol and diesel rates rising daily, the Central government on Friday advocated bringing transport fuel under the GST to curb the price hike.

While Road Transport and Highways Minister Nitin Gadkari said that bringing petrol and diesel under the Goods and Services Tax (GST) will benefit the States, Finance Minister Piyush Goyal said if the GST Council decides to go for it, the Centre will welcome the move.

�Petrol and diesel should have been brought under the GST. I asked officials during a presentation if we bring fuel prices under GST, will it benefit the States or not. They said �yes�, they will benefit,� Gadkari said at a news conclave here on the four years of the Modi government.

Finance Minister Goyal said the government is concerned about the rise in fuel prices and the issue of bringing it under the ambit of GST had repeatedly come under discussion.

�There will be more discussion on the issue during the next GST Council meet. All decisions are taken with consensus among all States.

�If the Council decides to bring petrol and diesel under GST, the (Central) government will welcome it,� Goyal said at the India News conclave.

He added that the government is also formulating a long-term comprehensive policy to address the fuel price issue.

The government is thinking of a policy which addresses the issue from the consumer point of view � wherein they don�t have to pay really high price for the fuel � while also ensuring that government revenue from taxes on petrol and diesel does not shrink, Goyal said.

�We want a balance between the two since revenue from the tax funds various government welfare initiatives,� he said. � IANS

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Centre open to bringing fuel under GST

NEW DELHI, May 25 - With petrol and diesel rates rising daily, the Central government on Friday advocated bringing transport fuel under the GST to curb the price hike.

While Road Transport and Highways Minister Nitin Gadkari said that bringing petrol and diesel under the Goods and Services Tax (GST) will benefit the States, Finance Minister Piyush Goyal said if the GST Council decides to go for it, the Centre will welcome the move.

�Petrol and diesel should have been brought under the GST. I asked officials during a presentation if we bring fuel prices under GST, will it benefit the States or not. They said �yes�, they will benefit,� Gadkari said at a news conclave here on the four years of the Modi government.

Finance Minister Goyal said the government is concerned about the rise in fuel prices and the issue of bringing it under the ambit of GST had repeatedly come under discussion.

�There will be more discussion on the issue during the next GST Council meet. All decisions are taken with consensus among all States.

�If the Council decides to bring petrol and diesel under GST, the (Central) government will welcome it,� Goyal said at the India News conclave.

He added that the government is also formulating a long-term comprehensive policy to address the fuel price issue.

The government is thinking of a policy which addresses the issue from the consumer point of view � wherein they don�t have to pay really high price for the fuel � while also ensuring that government revenue from taxes on petrol and diesel does not shrink, Goyal said.

�We want a balance between the two since revenue from the tax funds various government welfare initiatives,� he said. � IANS

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