New Delhi: Prices Soar Gasoline and Diesel have time and once again highlight the question whether to bring it under the tax regime (GST) will prove to be useful for consumers.
The problem that was largely debated and speculated might eventually come to conclusions on Friday when the 45th GST board met at Lucknow.
For the first time in 20 months, the GST board will hold a physical meeting.
After December 18, 2019, all GST board meetings were carried out in virtual mode.
“We did not say that we had to bring gasoline and diesel under GST immediately, we basically asked the state to suggest the timeline,” said a government source to Ti ahead of the GST council meeting on Friday.
When GST was introduced in July 2017, five commodities – crude oil, natural gas, gasoline, diesel and turbine turbine (ATF) – kept away from PurView GST, given the dependence of income from the central and state governments on them.
Today’s gasoline price, recovering demand, a surge in global oil prices pushes gasoline and diesel prices to be high throughout the time, which leads to the request to bring it under GST.
The price of fuel has floated at the recording level due to a 41 increase in its retail level since April this year.
However, since the last 11 days there has been no revision of gasoline and diesel prices as an OIL marketing company (OMCS) storing tabs at global oil prices.
Therefore, in Delhi one liter of gasoline Rs 101.19 and the cost of diesel RS 88.62.
Likewise, the price of gasoline in Mumbai, Chennai and Kolkata stood unchanged at Rs 107.26, Rs 98.96, each Rs 101.62 per liter.
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