Chief Financial Advisor Okay V Subramanian has backed a proposal to convey petroleum merchandise underneath the ambit of the Items and Providers Tax (GST).
He, nevertheless, stated the choice should be taken by the GST council.
“It will likely be an excellent transfer, however the determination rests with the GST Council,” Subramanian stated throughout a current interplay with FICCI FLO members.
Petroleum Minister Dharmendra Pradhan had additionally urged Union Finance Minister Nirmalya Sitharaman to convey petroleum merchandise underneath the ambit of the GST.
Steady rise in gasoline costs has burdened the widespread man and develop into a political difficulty in states the place meeting elections are due.
Subramanian additionally stated inflationary pressures are totally on account of “meals inflation”.