 "Petroleum Minister Dharmendra Pradhan")
With petrol and diesel kept out of the purview of GST, the state owned oil industry is losing Rs 200 billion annually in terms of input credit, says Union Minister Dharmendra Pradhan.
However, he said, with the GST regime stabilising and apprehensions over GST collection gradually receding, “it is a matter of time petrol and diesel are brought under GST”.
“All the expenditure of the oil industry- refinery, pipeline, exploration, are paying GST (for various transactions). I am not getting back that money, the input credit. So I am making it costly. I am losing Rs 200 billion per annum, only by
