If petrol and diesel are brought under GST, they’ll have to be taxed at more than 100%

As fuel prices have surged in the recent past, so has the talk around bringing petrol and diesel under the ambit of  goods and services tax (GST) . Finance minister Nirmala Sitharaman recently told the Press Trust of India: “Whenever the GST Council decides to take up this issue, they are well within their interest to take it up and discuss. It's a call that the Council has to take." The gene…