Natural gas and jet fuel may come under GST in next Council on
28th GST Council meeting to be covened through Video Conferencing on 21st July 2018 (Saturday)
Petrol and diesel prices will continue to burn a hole in your pocket as the government has no immediate plan to include it under the GST net.
GST on Natural gas and jet fuel
The GST Council, which will meet on July 21,2018 however, may give its nod to include ‘natural gas’ and ‘aviation turbine fuel’ under the indirect tax regime.
Finance Secretary Hansmukh Adhia confirmed to PTI that the next GST Council meeting could decide on including these two items under the Goods and Services Tax.
A reason the government wants to include these two items under the GST is low tax incidence on them, which is a safe bet for the government as they can be easily accommodated in the five-slab tax system.
So what items would be on the agenda for the next GST meeting? “Depends on what GST Council wants to discuss. But yes, among the 5 items, the two natural candidates for the first level of discussion would be natural gas and aviation turbine fuel. GST Council can decide what it wants to discuss, but these two are easier,” he told the news agency.