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Why Petroleum Products not in GST?


Indian GST is no GST at all

After excluding major industrial inputs like the petroleum products, electricity, and of course, alcoholic liquor for human consumption. what remains under GST regime is barely two thirds of total value which is potentially chargeable to GST. Even if permissible maximum of 40% GST is charged, your computation would yield only another 14 rupees per liter. This is pittance compared to what both the center and the states are secreting away, while blaming GST for loss of Revenue. There is no honest in our tax administration in more than one sense.

Gururaj B N 18/03/2021

 

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