https://www.taxtmi.com/news?id=20216 If petrol and diesel are brought into GST, they would attract the peak GST rate supplemented by additional state levies so that the combined GST-plus-state tax equals the current aggregate tax incidence (central excise plus state VAT), preserving centre and state revenues and keeping retail prices broadly unchanged; exclusion persists because current total taxation exceeds the highest GST slab and states rely heavily on petroleum-derived revenues. en-us Fri, 29 Jun 2018 18:52:29 +0530 Fri, 29 Jun 2018 18:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20216 If petrol and diesel are brought into GST, they would attract the peak GST rate supplemented by additional state levies so that the combined GST-plus-state tax equals the current aggregate tax incidence (central excise plus state VAT), preserving centre and state revenues and keeping retail prices broadly unchanged; exclusion persists because current total taxation exceeds the highest GST slab and states rely heavily on petroleum-derived revenues. News - Fri, 29 Jun 2018 18:52:29 +0530 https://www.taxtmi.com/news?id=20216