It may not be possible to bring petrol, diesel under GST for time being: CBIC chief Sanjay Agarwal New Delhi, Sep 10 (SocialNews.XYZ) As discussions continue to bring petrol and diesel within the ambit of Goods and Services Tax (GST), Chairman of the Central Board of Indirect Taxes and Customs (CBIC) Sanjay Kumar Agarwal said it may not be possible to bring these items under the indirect taxation for the time being. Asked if petrol and diesel should be brought under GST, Agarwal told IANS that petrol and diesel are presently subject to central excise duty and value-added tax (VAT), as these two petroleum items fetch a substantial revenue to the states by way of VAT and to the Central government by way of central excise duty.

It may not be possible to bring petrol, diesel under GST for time being: CBIC chief Sanjay Agarwal #GST #CBIC #SanjayAgarwal #socialnewsxyz