Centre's push for GST in petrol, diesel spells trouble

Central levies are Rs 19.48 on one litre of petrol and Rs 15.30 on a litre of diesel

Abhishek Waghmare & Jyoti Mukul  |  New Delhi 

Four states might have cut the value-added tax (VAT) on petrol and diesel, but states’ reluctance to allow fuel in the goods and service tax (GST) regime can be explained by the fact that the average rate at which 37 states taxed petrol was 28 per cent and diesel 19 per cent. Consumers are paying state levies at the highest GST rate already. Over and above these rates, central levies are Rs 19.48 on one litre of petrol and Rs 15.30 on a litre of diesel. If the states go by Finance Minister Arun Jaitley’s call for lowering the VAT on fuel by 5 per cent, the incidence of ...

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Read our full coverage on GST
First Published: Fri, October 13 2017. 00:13 IST