Petroleum products can be part of GST if States agree: Nirmala Sitharaman
Petroleum products can be part of GST and what is needed is the nod from the council members, said Union finance minister Nirmala Sitharaman on Wednesday.
“The provision is already available for petroleum products to be brought into the GST. My predecessor had already made the window kept open. Once the states agree we will have the petroleum products also covered under GST. So, that’s not so much us not doing it, and the entire (GST) council saying ‘yes’,” she said.
She made the remarks while participating in a post-Budget interactive session of the industry body, PHD Chamber of Commerce and Industry (PHDCCI), here in reply to a question.
“Not just yes…what they (council members) have to do is to determine a rate and once they tell me the rate, we get it into the GST,” she added.
The 49th meeting of the GST Council is scheduled to be held in the national capital on February 18, to be chaired by finance minister Nirmala Sitharaman.
Further, on the Budget for 2023-24, she said the continued push on infrastructure building through higher capex allocation is to keep India’s economic growth momentum intact.
The central government is ensuring that the public expenditure continues to grow to have a desired multiplier effect on all the sectors, she said.