Tag: CBIC
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Understanding the Possibility of Bringing Petrol Under GST
Introduction to GST and Fuel Prices In recent times, the discussion surrounding the inclusion of petrol and diesel under the Goods and Services Tax (GST) framework has gained significant traction. Petrol and diesel prices in India are not only a crucial part of the economy but also directly impact the cost of living for millions.…
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The Possibility of Bringing Petrol and Diesel Under GST
Understanding the Current Taxation on Petrol and Diesel In India, petrol and diesel are currently subjected to a variety of taxes, which include the state excise duty, central excise duty, and VAT. These taxes contribute significantly to the final retail price, which varies widely across states. The burden of these taxes often leads to fluctuations…
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Petrol and Diesel Under GST: What You Need to Know
Understanding the Current Situation of Petrol and Diesel in India In recent months, there has been an ongoing debate regarding the inclusion of petrol and diesel under the Goods and Services Tax (GST) framework in India. As fuel prices impact daily life and economic activities, the discussion around GST has gained significant traction. The Central…