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Petro-products in GST ambit only after consensus: Arun Jaitley

He also sought to know why the prices of petrol and diesel did not decline with a fall in the global crude prices

Press Trust of India  |  New Delhi 

Complications in GST anti-profiteering rules

The Centre favours including in the ambit of the goods and services (GST) but it would want a consensus with the states before taking such a step, minister Jaitley said on Tuesday. During the in Rajya Sabha, and former minister sought to know the union government's position on bringing petrol and diesel under the He also sought to know why the prices of petrol and diesel did not decline with a fall in the global crude prices. Jaitley responded saying that a person familiar with the issue had asked the question.

He said the in its draft bill had kept petrol out of its ambit as it knew that the issue would be a deal-breaker between the Centre and the states. “Now you are in the opposition and have a greater flexibility in changing your position,” he said. He said the present has persuaded the states to include petrol within the and the states reluctantly agreed to do so. Jaitley said the Centre favoured bringing petrol with the ambit of the However, it is only when the states demand it and a consensus is formed, it would be done. Responding to the charge that petrol and diesal prices were not coming down in line with global prices, Jaitley said it has to be kept in mind that a large number of duties on these products were imposed by the states. He said that on the Centre's advice, a large number of states had brought down these taxes but the (and its allies) states did not do so. To another question about the amount collected under GST, Jaitley said that steady progress was being made and the states were being paid in accordance with the norms laid out in the legislation. When member asked about statements by various leaders expressing dissatisfaction with rates, Jaitley said the ministers of various states had a say in these matters during the meeting of the council. Till now, all matters have been decided unanimously, the minister said. Replying to another question Jaitley said that has, at present, no plan to offer a voluntary retirement scheme. However, some banks which were merged with earlier, have offered some schemes, he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, December 20 2017. 02:28 IST
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