OIL & GAS

Kerala cannot afford to lose revenue from fuel tax: Finance Minister

Ahead of the crucial GST council meeting in Lucknow on Friday, Kerala finance minister K N Balagopal on Thursday reiterated the state government’s stand against the proposal to bring petroleum products under GST regime.

The state, he said, would make all possible efforts to protest against the proposal by bringing together all other states that are against the Union government proposal. The GST council has been pushing forward the proposal to include petroleum products under GST tax regime for long, but the immediate reason that brings the subjects to the table of GST council is Kerala high court’s directive to discuss the feasibility of the proposal.

The Union finance ministry had in an affidavit submitted before the high court said that the GST council would discuss the subject on September 17. The Centre filed the affidavit in a petition filed by Kalady Sree Sankaracharya University former vice-chancellor M C Dileepkumar.

Source
ET Energy World
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