GST Council to review bringing natural gas fuel under GST
Posted on: 09/Jun/2018 12:04:35 PM
Presently, items like kerosene, naphtha, and LPG domestic cooking gas are under GST. However, other petroleum-related products such as crude oil, natural gas fuel, ATF (for aircraft), petrol, and diesel are not under GST domain.
With the trend of increasing prices of petrol and diesel, demands have been from various sectors that these also must be brought under GST domain.
The joint secretary of the GST Council, Dheeraj Rastogi, has informed that a detailed review will be taken up regarding bringing the natural gas fuel under GST on a trial basis in the forthcoming next meeting of the GST Council.
He was addressing during a seminar on GST. He further informed that even items like ATF (fuel for aircraft) can be brought under GST along with other petroleum-related products. However, he did not mention any specific time-frame for this.
