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Industry body Confederation of Indian Industry (CII) has asked for the inclusion of all petroleum products under the goods and services tax (GST) at the earliest.
GST was rolled out on July 1, 2017, subsuming most of the central and state indirect taxes into a single tax. However, petroleum products like crude oil, natural gas, diesel, petrol, and aviation fuel are outside the ambit of GST as of now.
In its suggestions to the Union government, CII said until this is done, C Forms should be continued to avoid high tax incidence on these products. Though the understanding is that
