Why energy should be in GST

The teething troubles of the GST regime seem to be getting over now. The GST Council has been able to considerably reduce the number of items in the highest 28 per cent slab as anxiety on revenue collection has abated. The time has therefore come to extend GST to electricity, petrol and diesel. This is a major unfinished task in the transition to GST which should now be taken up, as energy is such a significant input through the entire chain of value addition. Conceptually, there is no good reason for keeping energy out of the GST. However, getting a consensus on GST and its rates was a .....

Key stories on business-standard.com 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.