Bringing petroleum products under GST will be good transfer, says chief economic advisor
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K.V. Subramanian stated the choice will should be taken by the GST council.
Chief Economic Advisor K.V. Subramanian has backed a proposal to deliver petroleum products under the ambit of the Goods and Services Tax (GST).
He, nonetheless, stated the choice will should be taken by the GST council.
“It will be a good move, but the decision rests with the GST Council,” Mr. Subramanian stated throughout a latest interplay with FICCI FLO members.
Petroleum Minister Dharmendra Pradhan had additionally urged Union Finance Minister Nirmalya Sitharaman to deliver petroleum products under the ambit of the GST.
Continuous rise in fuel prices has burdened the widespread man and turn out to be a political subject in States the place meeting elections are due.
Subramanian additionally stated inflationary pressures are totally on account of “food inflation”.
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