The Centre and the industry favour inclusion of petroleum products in the Goods and Services Tax (GST) but the GST Council will take a final call on it, Oil Minister Dharmendra Pradhan said today.
Whatever the GST Council decides on including petroleum products within GST ambit, "we would stand by that," Pradhan said in reply to a question in the Rajya Sabha.
Five petroleum products-- petrol, diesel, natural gas, crude oil and ATF -- are still out of the ambit of GST.
He informed the House that "in principle, the Government of India and the Petroleum Ministry are of the view that petroleum products should come under the GST regime."
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