Petrol products under GST if revenue collections at Rs 1 lakh cr: Sushil Modi


Bihar Deputy Chief Minister Sushil Kumar Modi has said that commodities like petrol and diesel may be considered for bringing under the ambit of the GST, once the revenue collections stabilise beyond one lakh crore rupees per month. Mr Modi, who also heads the GST Network Panel, yesterday said he is of the view that time has not come to consider the inclusion of petrol and diesel under the GST purview.

He also said the price of petroleum products may not come down, even if they are brought under its ambit, as states will have the power to impose tax (top up) beyond the highest GST rate of 28 per cent.


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