States open to GST on fuel, want Centre to come up with clear plan

Topics GST | Fuel prices | Finance Ministry

Many states are open to the idea of petrol and diesel being brought under the goods and services tax (GST) regime – contrary to the perception that they are averse to it – but they want a concrete proposal, including a compensation mechanism, from the Centre. West Bengal Finance Minister Amit Mitra says while the issue can be discussed, the Centre may not be keen to bring the change because it earns “much more” from taxes on petrol and diesel.  “(The peak rate of) GST is 28 per cent. Under the regime, the Centre would only get 14 per cent. So, def.....

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