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PETROLEUM PRODUCTS GST
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...- Petrol, Diesel prices on June 14: Check latest rates in Delhi, Mumbai, Bengaluru and other citiesFuel prices remained steady on June 14, 2026, offering consumers a respite after recent hikes. This pause comes despite global crude oil vo...
- Higher petrol, diesel prices threaten to rekindle inflation pressures: ReportFuel prices are rising in India. This will increase transport and manufacturing costs. These higher costs will likely lead to more inflatio...
- India needs structural reforms, not subsidies, to shield economy from West Asia shocks: ReportIndia must shift from subsidy reliance during global crises to structural reforms for economic resilience. Rising geopolitical tensions hig...
- GST gains eroded by Gulf war: Dabur CEO Mohit MalhotraDabur's CEO Mohit Malhotra says the West Asia war has impacted the gains from GST measures. The company is raising prices and acquiring dig...
- Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...
- IMEC momentum to boost Karnataka exports amid global trade disruptionsBengaluru exporters are poised to thrive as the India-Middle East-Europe Economic Corridor gains traction. This innovative route presents a...
- Induction cooktop makers may be enticed with duty, GST cutsIndia is weighing tax cuts on induction cooktops. This aims to boost local manufacturing and make electric cooking more affordable. The gov...
- West Asia crisis: Govt considering customs duty cut on critical induction cooktop componentsIn a bid to enhance accessibility to induction cooktops, the government is contemplating a reduction in import duties on components. Additi...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- No Petroleum Product under GSTInclusion of petroleum products will require recommendation of the GST Council. But the council, which also includes representatives of sta...
- Bring petroleum products in ambit of GST soon: PHDCCIPHDCCI President Sanjay Aggarwal said the Wholesale Price Index (WPI)-based inflation has been in a double-digit growth trajectory for the ...
- Centre, industry want petroleum products in GST ambit: Oil Minister PradhanThe Centre and the industry favour inclusion of petroleum products in the Goods and Services Tax (GST) but the GST Council will take a fina...
- Will getting petrol & diesel under GST lower prices and the options before the governmentThe Centre taxes petrol, diesel differently from the way it taxes aviation and natural gas. Each state levies a different tax rate. For exa...
- Rise in prices: BCIC wants petroleum products under GSTIn the two-month span, petroleum prices have increased by Rs.15 per litre of petrol in Bangalore while it is much higher in other parts of ...
- Including petro-products in GST ambit after consensus: Arun JaitleyDuring the Question Hour in Rajya Sabha, Congress leader and former finance minister P Chidambaram sought to know the union government's po...
- As states agree to cap VAT on natural gas at 5%, uniform petroleum tax may not remain a distant dreamThe Centre had been keen to bring petroleum products under ambit of GST, which was implemented on July 1, from the start.
- VAT on petroleum products to continue, to be decided by GST Council: MinisterResponding to concerns raised by members on tax on agriculture, Kesarkar assured that the tax on agriculture income will remain zero per ce...
- Dharmendra Pradhan asks states to help bring petro products under GSTAs per the GST Constitutional Amendment Bill, petroleum products like LPG, kerosene and naptha would attract GST.
- GST regime can integrate petroleum sectorThe Goods and Service Tax (GST) regime offers an opportunity to integrate the petroleum sector with the tax regime of other sectors of the ...
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