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Sushil Modi: Petro products under GST if revenue collections at 1 lakh crores
Updated On: 02 July, 2018 08:38 AM IST | New Delhi | PTI
"I think that the time has not come (to consider the inclusion of petrol and diesel under GST purview). It will take time.

Sushil Modi
Bihar Deputy Chief Minister Sushil Kumar Modi today said that commodities like petrol and diesel may be considered for bringing under the ambit of the GST, once the revenue collections stabilise beyond Rs 1 lakh crore per month.
"I think that the time has not come (to consider the inclusion of petrol and diesel under GST purview). It will take time.
"When revenue collections stabilise at least at Rs 1 lakh crore per month, then the GST Council may consider as to when and how commodities like petrol and diesel be included under the ambit of GST," he said, speaking on the occasion of the completion of one year of GST roll out.
Sushil Modi, who also heads the GST Network Panel, said the price of petroleum products may not come down, even if they are brought under its ambit, as states will have the power to impose tax (top up) beyond the highest GST rate of 28
per cent.
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