Petroleum products have been put under umbrella of GST but levy of GST has been deferred.

This can even consequence into a greater average GST rate construction and avoidance of any further levy of Cess as nicely.

GST Implementation in India Is A Half Hearted Try

by chambers in Goods & Companies Tax (GST) in India
GST Implementation in India

The proposed GST implementation in India, thus far, can’t be construed to be full hearted GST implementation resulting from the following causes :

a. Petroleum products have been put beneath umbrella of GST but levy of GST has been deferred.

b. Electricity which quantities for major cost factor has been kept outside the ambit of GST.

c. Dream of 1 Fee & One India has failed .Whereas, so far 4 tier charge structure has been finalised and extra 1 to 2 charge slabs chance can’t be ruled as well.

d. Levy of Cess on demerit/sin/luxury items once more frustrates the real intention of subsuming of taxes under GST regime.

e. Compensation of losses to states is once more a big hurdle for real implementation of GST in India

We feel that precise implementation of GST will probably be after 5 years when the compensation to States won’t be a difficulty and Petroleum products shall be additionally attracting levy of GST. Then solely a real GST implementationin India may be held as true.