diesel

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

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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

Hopeful that petrol, diesel will come underneath GST in close to future, says PHD Chamber

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Hopeful that petrol, diesel will come underneath GST in close to future, says PHD Chamber

[ad_1] PHD Chamber of Commerce and Business (PHDCCI) may be very hopeful that if not now then within the close to future petroleum merchandise can be introduced underneath the Items and Companies Tax (GST) ambit. “If petroleum merchandise are introduced underneath GST there can be no direct profit because the petroleum value will stay the … Read more