Source : Times of India dated 06.02.2022
The Centre will move the issue of bringing aviation turbine fuel (ATF) under the GST net for discussion in the next meeting of the GST Council, finance minister Nirmala Sitharaman said on Sunday, while noting that rising global fuel prices are a “concern”.
When the GST was introduced on 1st July, 2017, amalgamating over a dozen central and state levies, five commodities of crude oil, natural gas, petrol, diesel and ATF were kept out of its purview given the revenue dependence of the Central and State governments on this sector.
Sitharaman, in a post-Budget discussion with industry chamber Assocham, said a final decision of inclusion of ATF in GST will be taken by the Council, which comprises finance ministers from central and state governments.
“It is not with … (the Centre) alone, it has got to go to the GST Council. The next time we meet in the Council, I will put it on the table for them to discuss it,” she said. The next meeting of the Council is expected by either in end-February or in March.
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