A more efficient way is to bring all indirect taxes under GST. It will enable exporters who have paid embedded taxes in the value chain end...

If the two fuels are put under GST, the Centre will have to let go Rs 20,000 crore input tax credit it currently pockets by keeping petrol,...

We may have to wait for some more time for a slab rejig. If revenues cross Rs 1 lakh crore every month, then the GST Council can take a cal...

"If petrol, diesel are to be brought into GST, then states will be allowed to levy taxes on top of 28 per cent to prop up revenue.

The peak GST rate plus VAT will be equal to the present tax incidence, which is made up of excise duty, levied by the centre, and VAT charg...

During the Question Hour in Rajya Sabha, Congress leader and former finance minister P Chidambaram sought to know the union government's po...

Since tower companies, typically, are huge consumers of diesel, continuation of central excise duties and state sales tax levies would have...

Since tower companies, typically, are huge consumers of diesel, continuation of central excise and state sales tax levies would have a casc...

The Minister said government was planning to implement the Direct Benefit Transfer scheme in kerosene after its successful implementation i...

Note that inter-state transactions are currently levied 2% central sales tax — it is a major revenue source, with the proceeds going to the...

GST will see revenues grow faster: the incentive to pay tax is built in because only then will a manufacturer be able to claim credit for t...

Exemptions should be kept to the minimum to capture value addition across sectors so that there is no break in the credit chain.

Several states opposed inclusion of petroleum products and liquor in the proposed GST regime as the move would severely affect their revenu...

Issues concerning taxation of liquor and petroleum products are expected to figure in the meeting of the Empowered Committee of State Finan...

Mature economies with high taxes on oil products invariably have an integrated GST in place .

The Centre is hopeful of taking on board Haryana and Punjab on including the purchase tax in the GST.

Petroleum products including crude, high speed diesel and petrol may remain outside the ambit of the proposed goods and service tax (GST).