GST Council: No GST on petrol, diesel but, compensation cess until 2026

GST Council: No GST on petrol, diesel but, compensation cess until 2026

[ad_1] The Items and Service Tax (GST) Council determined in opposition to together with auto fuels inside its ambit following unanimous opposition from states, even because it specified that compensation interval wouldn’t be prolonged past 2022. Finance minister Nirmala Sitharaman highlighted that the cess collected from July 2022 until March 2026 shall be used solely … Read more