https://www.taxtmi.com/article/detailed?id=7663 Section 9(2) of the CGST Act, 2017 keeps five petroleum products (the Panchratnas) outside GST until notified otherwise, preserving existing central and state tax regimes. This temporal exclusion denies uniform GST treatment and input tax credit for those supplies, forcing integrated oil companies to operate under dual tax rules, complicate apportionment of input credits, and raise compliance and pricing issues that affect consumers and distribution of tax revenue. en-us Thu, 12 Oct 2017 08:15:10 +0530 Thu, 12 Oct 2017 08:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7663 Section 9(2) of the CGST Act, 2017 keeps five petroleum products (the Panchratnas) outside GST until notified otherwise, preserving existing central and state tax regimes. This temporal exclusion denies uniform GST treatment and input tax credit for those supplies, forcing integrated oil companies to operate under dual tax rules, complicate apportionment of input credits, and raise compliance and pricing issues that affect consumers and distribution of tax revenue. Articles Goods and Services Tax - GST Thu, 12 Oct 2017 08:15:10 +0530 https://www.taxtmi.com/article/detailed?id=7663