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Fuel left out of GST Ambit | India Development Debate

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EP1259 - Fuel left out of GST Ambit | India Development Debate
17 SEPTEMBER 2021 11:39 IST | ET NOW | 23 MIN 44 SEC
After the crucial GST council meeting today, Union Finance Minister Nirmala Sitharaman said that the issue of petrol and diesel was discussed based on the Kerala High Court order. But as states continued to oppose inclusion of petrol, diesel under GST, the Council felt that it was not the right time to bring petrol and diesel under ambit of GST. Meanwhile, the Council decided to extend compensation levy till March 2026 in order to pay back GST loans, and clarified that food delivery operators will have to collect GST on behalf of restaurants in order to curb tax evasion. Watch the India Development Debate tonight as we bring the most conclusive breakdown of the outcomes of the meeting with M.S Mani, Partner, Deloitte India, Pratik Jain, Partner , Price Waterhouse & Co and R.S Sharma, Former CMD, ONGC.
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