Why did GST Council refuse to bring petrol, diesel under its ambit?
Petrol and diesel are two of the most highly taxed goods in the country and bring in huge revenues to both the Centre and the State governments The story so far: The Goods and Services Tax (GST) Council last week decided to not bring petrol and diesel under the ambit of the GST . The proposal to bring domestic fuels under the GST was taken up by the Council after an order by the Kerala…