Is VAT applicable on petrol, diesel and customs after GST implementation?

Is VAT applicable on petrol, diesel and customs after GST implementation?

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3 Answer(s)

Yes, as per Section 9 (2) CGST supply of petroleum crude, high speed diesel, motor spirit commonly known as petrol ATF Gst shall be levied with effect from notification by government on recommendation of Gst council.

Answered on July 1, 2017.
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Yes, the state would continue to impose VAT as per existing law earlier. These would be transitioned in GST regime on a later date to be notified by GST Council. As of now, there will no levy of GST on petrol and petroleum products.

Answered on July 1, 2017.
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As per the taxation meetings held under the GST Law 2017 by the finance ministry of the Government of India and the corresponding states, fuel is exempted from all applicable taxes. The products that enjoy this privilege under the GST Law include Crude oil Motor Oil HS Diesel Aviation Turbine Fluids Natural Gas According to the latest updates, the petroleum products are totally out of consideration in terms of the applicability of VAT and other taxes. Also, it is predicted that with the implementation of the GST 2017, there might be a steep decline in the prices by around 20-30 percent.

Answered on July 1, 2017.
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Gen GST