Home General News Hardeep Puri on bringing petrol and diesel under GST

Hardeep Puri on bringing petrol and diesel under GST

Hardeep Puri on bringing petrol and diesel under GST

A big statement came from the Petroleum and Natural Gas Minister on Monday. Hardeep Singh Puri who is the Petroleum and Natural Gas Minister said that center is thinking to include petrol and diesel in the Goods and Services Tax regime. The petroleum and Natural Gas Minister said this on Monday. He also said that state governments would not agree to this. If this happens then the price of petrol and diesel would be far lower than the current prices. Since Hardeep Singh Puri gave this statement, this news is trending all over the internet. You are asked to stick with this page and keep reading this article. In the following sections, we have discussed more imperative details regarding the same. Scroll down the page and take a look below. Follow more updates on Newsminatii.in

Hardeep Puri on bringing petrol and diesel under GST

Hardeep Singh Puri said states would not agree with this as their main revenue-generating items are energy and liquor. And this decision would curb taxes on Patrol and diesel. Minister Hardeep Singh Puri said, “we are ready”. He further added, “For bringing the petrol and diesel under the GST, the states have to agree. If the states make the move, we are ready. We have been ready all along. That’s my understanding. It is another issue of how to implement it. That question should be addressed to the finance minister,” Scroll down the page and read more details.

Minister also said in his statement that including energy and liquor in the GST model is a quite difficult task for the states. These two models generate the major revenue for state government. If they are allowed to do this then how will they get their revenue for the state? “One who is getting revenue, why would he leave it?” Hardeep Puri also added that is the central government’s only body that is worried about inflation in the country. State government should also corporate with us.

Hardeep Puri further said in his statement, “The finance minister of that state did not agree. As far as GST is concerned, your wishes and my wishes apart, we are in a cooperative federal system. I am surprised by your question. In a lighter vein, people are asking me when the prices will rise again. In North America, fuel prices went up by 43 percent in one year but in India, it went up by only two percent. If there is a bright spot anywhere in the world, it’s India. It’s not me saying it, it is Morgan Stanley. It’s the managing director of IMF saying this”

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