BJD MP Advocates for Fuel Inclusion Under GST in Meeting with Finance Minister
BJD MP urges Nirmala Sitharaman for talks on bringing fuel under GST
Image: Asianet Newsable
Sasmit Patra, a Member of Parliament from the Biju Janata Dal (BJD), urged Union Finance Minister Nirmala Sitharaman to initiate discussions on including petrol and diesel under the Goods and Services Tax (GST) framework. He emphasized that this move could alleviate inflation and improve economic conditions for various sectors in India.
- 01Patra cited Article 279A(5) of the Constitution, which allows for the inclusion of petroleum products in GST through GST Council recommendations.
- 02He highlighted the impact of fuel prices on inflation, logistics, and household consumption across India.
- 03The proposal includes a phased approach to integration, addressing state revenue concerns while promoting economic relief.
- 04Patra suggested a calibrated GST slab structure and transitional compensation support for states during the integration process.
- 05He called for broad consultations with all states and the establishment of a technical working group to facilitate consensus on the issue.
Advertisement
In-Article Ad
Sasmit Patra, a Rajya Sabha MP from the Biju Janata Dal (BJD), recently met with Union Finance Minister Nirmala Sitharaman to advocate for the inclusion of petrol and diesel under the Goods and Services Tax (GST) framework. In his representation, he referenced Article 279A(5) of the Constitution, which allows for such inclusion through the GST Council's recommendations. Patra argued that the current economic climate necessitates a fresh evaluation of this issue, as fuel prices significantly influence inflation and various operational costs across sectors, including agriculture and logistics. He proposed a phased approach to integration that would address state revenue concerns while providing economic relief to citizens, farmers, and small businesses. Among his suggestions were a calibrated GST slab structure, transitional compensation support for states, and the formation of a technical working group to foster national consensus. This initiative aims to harmonize tax structures and improve industrial competitiveness in Odisha and beyond.
Advertisement
In-Article Ad
The inclusion of fuel under GST could lower transportation costs and inflation, benefiting ordinary citizens and various sectors.
Advertisement
In-Article Ad
Reader Poll
Should fuel be included under the GST framework?
Connecting to poll...
More about Biju Janata Dal
Read the original article
Visit the source for the complete story.