The case for GST on petroleum products

The Centre and the states need to bring petroleum products into the goods and services tax (GST) framework sooner rather than later. Oil products garner hugely disproportionate indirect tax revenues, but we need to widen the tax regime, modernise it and rev up efficiency by eschewing tax-on-tax and cascading rates along the value chain. There’s a solid case for the Centre to include all petro-prod…