What India could gain from fuel under GST, and what it could lose

In its 45th meeting on September 17, the Goods and Services Tax (GST) Council deliberated on the directions of the Kerala High Court as to whether specified petroleum products are to be included under  GST  or not. It maintained the status quo, and decided not to bring petroleum taxation under a uniform GST rate.  Whenever fuel prices experience adverse volatility, the demand to con…