Bring petrol, diesel under GST; any hike in taxes to depress demand: ASSOCHAM

By OEM Update Editorial May 7, 2020 11:29 am

Sooner petrol and diesel are brought under the GST , better it would be for the Indian economy , because changes in the Goods and Services Tax are brought only after wider deliberations by the GST Council , said ASSOCHAM Secretary General Deepak Sood.

Governments, both at the Centre and States have been over-dependent on petrol and diesel for revenue. While this over-dependence needs to be brought down, there is a strong case for a national parity for prices of the automobile fuel. “Otherwise, the broader objective of a single market under the GST remains unfulfilled,” Sood said.

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