Products like kerosene, naphtha and LPG will be under the ambit of GST, while five items in the basket — crude oil, natural gas, aviation fuel, diesel and petrol — have been excluded
Following 5 Petroleum Products are temporarily out of the GST Ambit :
1). Petroleum Crude. 2). High Speed Diesel. 3). Motor Spirit [ commonly known as PETROL ]. 4). Aviation Turbine Fuel [ ATF ]. 5). Natural Gas.
At present , CENTRAL EXCISE and VAT is levied on these 5 Petroleum Products.
These 5 products are temporarily out of the GST net and will be brought under GST Ambit on a specified date as notified by the Government on the recommendation of the GST Council.
The Provision of SECTION 9 (2) :
"The central tax on the supply of petroleum crude, high speed diesel, motor spirit [commonly known as petrol], natural gas and aviation turbine fuel shall be levied with effect from such date as may be notified by the Government on the recommendations of the Council."
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