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Compensation cess and petroleum to fire up GST Council meeting

The Centre is likely to convey that GST revenues would do better than expected this year and a compensation cess of Rs 1 trillion would be released to states

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GST on petroleum | GST | GST Council

Dilasha Seth  |  Lucknow 



GST on petroleum
The Council may consider including petroleum in GST with natural gas and aviation turbine fuel (ATF) to begin with

The meeting of the (GST) Council on Friday in Lucknow, the first physical meeting in over 20 months, is expected to see hectic discussions on two contentious issues between the Centre and the states: Extending the period of compensation cess for states and bringing petroleum products under . States are expected to stay firm on their demand to extend the compensation period by another five years, at the existing assumed growth rate of 14 per cent.

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First Published: Fri, September 17 2021. 06:05 IST

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