GST on petroleum products only after revenue stabilises: Sushil Modi

Bihar Deputy Chief Minister and GST Council's member Sushil  Modi  on Thursday said the Council can think of bringing the  petroleum products  under the new tax regime only after the monthly revenue target of Rs 1 lakh crore is achieved. He said there could be a "shortfall in revenue" in initial months as indirect tax rates on items are being lowered, but the revenue would incr…