No need to include petroleum in GST

I find that it is no longer easy to get a subject to write about GST and its basic structure. The previous taxes, namely central excise, service tax, and sales tax, had so many problems such that there was no dearth of subjects for writing articles by me and other analysts. Now after GST, I find that there is no subject, except the number of rates, evasion, and input credit delays. That proves by implication that GST has solved many problems, such as defining manufacture, finding out the correct taxable event, determining what was intermediate goods, and all. Not getting any subject, som.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.