Bringing petroleum merchandise below GST will probably be good transfer: Chief financial advisor

Image Source : AP Bringing petroleum merchandise below GST will probably be good transfer: Chief financial advisor
Chief Economic Advisor Ok V Subramanian has backed a proposal to deliver petroleum merchandise below the ambit of the Goods and Services Tax (GST). He, nonetheless, stated the choice must be taken by the GST council.

“It will be a good move, but the decision rests with the GST Council,” Subramanian stated throughout a current interplay with FICCI FLO members.

Petroleum Minister Dharmendra Pradhan had additionally urged Union Finance Minister Nirmalya Sitharaman to deliver petroleum merchandise below the ambit of the GST.

Continuous rise in gasoline costs has burdened the frequent man and change into a political challenge in states the place meeting elections are due.

Subramanian additionally stated inflationary pressures are totally on account of “food inflation”.

ALSO READ: Need coordinated motion between centre, states on tax discount in gasoline costs: RBI Governor
Latest Business News