Call for Inclusion of Petrol and Diesel in GST Framework
Sasmit Patra to Nirmala Sitharaman: Bring petrol, diesel under GST ambit
Image: The Times Of India
Sasmit Patra, a Rajya Sabha MP from Bhubaneswar, has urged Union Finance Minister Nirmala Sitharaman to include petrol and diesel under the Goods and Services Tax (GST) framework. He cites rising fuel prices and inflation as key reasons for this request, emphasizing the need for a formal discussion at the upcoming GST Council meeting.
- 01Sasmit Patra highlighted the impact of high fuel prices on transportation costs and overall inflation.
- 02He referenced Article 279A of the Indian Constitution, which empowers the GST Council to recommend the inclusion of petroleum products in GST.
- 03Patra's letter calls for comprehensive deliberation and consensus-building between the Centre and the states on this issue.
- 04The MP noted that varying VAT rates across states have led to price discrepancies for petrol and diesel.
- 05High fuel costs are affecting both households and industries, exacerbating economic pressures.
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Sasmit Patra, a Rajya Sabha MP representing Bhubaneswar, has formally requested Union Finance Minister Nirmala Sitharaman to address the long-standing issue of including petrol and diesel in the Goods and Services Tax (GST) framework. In a letter, Patra emphasized the urgent need for discussion at the upcoming GST Council meeting, citing the rising costs of fuel and their significant impact on inflation affecting households and businesses. He pointed out that high fuel prices contribute to increased transportation costs, which in turn elevate food prices and overall inflation rates. The MP also referenced Article 279A of the Indian Constitution, which allows the GST Council to recommend the inclusion of petroleum products under GST. Patra argued that the current exclusion of petrol and diesel from GST has resulted in price discrepancies across different states, largely due to varying Value Added Tax (VAT) rates. He urged for a formal agenda item to facilitate comprehensive deliberation and consensus-building between the Central and state governments on this critical issue.
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The inclusion of petrol and diesel under GST could lead to more stable fuel prices and reduced inflationary pressures for households and businesses in India.
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