GST collections see 8.9 pc YoY growth at Rs 1.87 lakh crore in October
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
Union Petroleum Minister Dharmendra Pradhan on Saturday batted for including petroleum products under the Goods and Services Tax (GST) regime “in people’s interest”, even as he insisted petrol and diesel prices had started plummeting over few days.
Pradhan told reporters on the sidelines of an official function here that the Central government had asked the GST Council to consider implementing the new taxation regime in the petroleum sector.
“We have appealed to the GST Council to implement GST on petroleum products, which would ensure interests of the people. This way, the interests of the state and central government will also be secured,” he said.
Advertisement
Pradhan also stressed on the need for the state to have a balanced model, so that taxes can be procured without the people being affected by it.
Attributing the recent hikes in fuel prices to the market fluctuations caused by the hurricanes Irma and Harvey in the US that caused market fluctuations, he said: “The prices have begun to fall, in fact they had gone down even during the last two days.”
Advertisement
