Petrol can be bought under GST if States Agree: Finance Minister

Speaking at a post-budget interactive session hosted by the industry group PHDCCI, she said petroleum items might be included in the GST provided the states agree.

Goods & Service Tax

CA Pratibha Goyal | Feb 17, 2023 |

Petrol can be bought under GST if States Agree: Finance Minister

Petrol can be bought under GST if States Agree: Finance Minister

Nirmala Sitharaman, the finance minister, stated on Wednesday that petroleum goods could be subject to the GST regime provided states reach an agreement.

Speaking at a post-budget interactive session hosted by the industry group PHDCCI, she said petroleum items might be included in the GST provided the states agree.

On February 18, the GST Council is expected to convene.

The Finance Minister stated that the government had worked hard over the years to enhance public spending, which she claimed would fuel growth, during the interactive session with industry leaders.

Sitharaman added that the government increased capital expenditure in the recently tabled budget by 33% to Rs 10 lakh crore.

 

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at contact@studycafe.in

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"

Tags: GST, PETROL


Author Bio
CA Pratibha Goyal
Designation: Co Founder
Company: Studycafe
Location: Delhi, India
Total Posts: 1263

CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.

My Recent Articles
Non-receipt of Orders Due to Email and Mobile Contact Details of CA Being Used Instead of Taxpayer: ITAT Condones Delay Allotment Date and Not Registration Date Determines Capital Gains [Read Order] Cash Deposit During Demonitization: ITAT Deletes Penalty on Savings of Women Who Worked in Unorganized Sector ITAT Deletes Addition on Bogus Long-Term Capital Gain Exemption [Read Order] ITAT Allows Late Claim of Section 54F Exemption [Read Order]View All Posts
Studycafe-Courses
Chatgpt_and_AI_tools_ad_02[1]
Latest Post
PNB-REDUCES-FD-INTEREST-RATES-FOR-SELECT-TENURES.jpgPNB Reduces FD Interest Rates for Select Tenures: Check Details
ITAT Permits Delay Due to Non-Receipt of Orders Sent to CA’s ContactNon-receipt of Orders Due to Email and Mobile Contact Details of CA Being Used Instead of Taxpayer: ITAT Condones Delay
Fake Invoicing: Income Tax Department sending notices to Reopen Old Tax CasesFake Invoicing: Income Tax Department sending notices to Reopen Old Tax Cases
ALLOTMENT DATE AND NOT REGISTRATION DATE DETERMINES CAPITAL GAINSAllotment Date and Not Registration Date Determines Capital Gains [Read Order]
Income Tax Department sending notices to compnaies going through Insolvency processIncome Tax Department sending notices to compnaies going through Insolvency process
Useful Links
Important links
Important links
DOwnload Study Cafe App
Write For Us
Studycafe Articles
Submit your Articles with us by Clicking Submit Article Button
Submit Article

you can also submit your articles by sending mail at contact@studycafe.in