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

Last update on Feb 17, 2023

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.

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CA Pratibha Goyal

Co Founder

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.