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Council to discuss bringing natural gas in GST in next meeting

Press Trust of India  |  New Delhi 

The could consider bringing within the purview of in its next meeting, an said today.

said aviation turbine fuel (ATF) would be another that could also be brought within the GST ambit among five

The inclusion of within the GST purview on an experimental basis would be put before the in its forthcoming GST Council meeting, a PHD Chamber statement quoted Rastogi as saying.

He, however, did not prescribe a specific timeframe for bringing and ATF within GST.

While like kerosene, naphtha and LPG are under the ambit of GST, five items in the basket -- crude oil, natural gas, aviation fuel, diesel and petrol -- have been excluded during the initial years.

"Petroleum is a considerably larger source for revenues not only for centre but states also and on natural gas front, there is some consensus for bringing it into GST ambit and therefore, it could be first that could come in well within GST network," Rastogi said, according to a PHD Chamber release.

Addressing the workshop on GST, Rastogi also indicated government's possible intentions for revision in definition of supply under GST.

On advance ruling issue, the held that in the recent past, some states have given a contradictory ruling on these to concerned stakeholders and, therefore, a policy decision is likely on setting up centralised advance ruling authorities to address relevant issues relating to GST rather than keeping redressal of such issues confined to one particular state advance ruling authority.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 15:05 IST