In near future you may see some serious price cut in petrol, diesel and LPG because Union finance minister is hinting that the government can bring these products under Goods service tax (GST).
ARUN JAITLEY also responded to opposition party question in RAJYA SABHA and said that "we are in full favour of getting petrol, diesel and LPG under Goods and service tax (GST ) we are still planning on it and trying our best"
Former finance minister P Chidambaram also questioned in the upper house saying "Now that BJP is in power in 19 states and at the Centre so what is stopping them from bringing petro, diesel and LPG under GST? When will the GST Council look at this matter".
The questions raised by P Chidambaram are totally logical and the majority of Indians do support his point.
After the questions raised by P Chidambaram union finance minister Arun Jaitley replied, "UPA also while presenting the draft of GST had not included petroleum under GST as they knew it would have bad consequences between the states and the Centre if the petroleum brought under GST, He also added "Once majority of state's approve to this and we hope they agree, Once they agree we will bring Petrol, diesel and LPG under GST".
Even Last week, Bihar Finance Minister Sushil Modi hinted that the GST Council is considering bringing electricity, petroleum products and
Even Last week, Bihar Finance Minister Sushil Modi hinted that the GST Council is considering bringing electricity, petroleum products and
some other items under GST in
near future.
At last JAITLEY also said "Electricity, real estate, stamp duty and petroleum products should become part of GST.This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.
We and all the INDIANS are hoping that all the state's will agree to bring Petrol,diesel and LPG under GST so that there would be some relief on these products.
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