Sumary of GST Council to take up fuel inclusion, food delivery apps:
- A discussion to enact taxing of petroleum products including petrol, diesel, and aviation turbine fuel under the ambit of Goods and Services Tax (GST) is likely to take place in the 45th GST Council meeting on Friday.
- While this move is expected to bring in uniformity for taxing petroleum products, it would also entail a loss in the revenue share of taxes levied by the states and cesses by the Centre.
- It will discuss the modalities of continuation of compensation cess beyond June 2022. In June, the Kerala High Court, based on a writ petition, had asked the GST Council to decide on bringing petrol and diesel within the ambit of the indirect tax regime.
- The decision to begin discussion on putting a timeline for enforcement of taxing petrol and diesel within GST has been taken in context of the court ruling, sources said.