GST on Petroleum Products Ministry of Petroleum & Natural Gas Decision regarding Levy of GST on Petroleum Products to be decided as per recommendation of GST Council The prices of petroleum products in the country are benchmarked to international product prices. Generally, the prices of sensitive petroleum products in the country are higher/lower than other […]
GST on Petroleum Products
PRESS RELEASE On Petroleum & Oil Sector To reduce the cascading of taxes arising on account of non-inclusion of petrol, diesel, ATF, natural gas and crude oil in GST and to incentivise investments in the E&P (exploration and production) sector and downstream sector, the GST Council in its 22nd meeting held on 6th October, 2017 […]
Petroleum products should come under GST Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the Group of Ministers (GoM) to look into the technical issues of the goods and services tax network (GSTN), said on Thursday that petroleum products should be brought under the goods and services tax (GST) regime. Modi, also a member […]
GST on Petroleum Products : Petrol, Diesel, PDS Kerosene and Domestic LPG Taxes on petroleum products The details of basic price and various taxes on Petrol, Diesel, PDS Kerosene and Domestic LPG are given at Annexure-I. The State/UT wise Retail Selling Price (RSP) for Petrol, Diesel and Domestic LPG are enclosed as Annexure-II. The prices […]
GST on Petroleum Products : Details of monthly average price of Indian basket of crude oil Details of monthly average price of Indian basket of crude oil in the international market during the last one year and the quantum of increase/decrease is given in Annexure-III.