The Roadmap for Inclusion Of Petroleum Under GST

Abstract

The research article shall aim to explore the inclusion of petroleum under the GST regime, an issue which had also been discussed recently in the 45th GST Council's Meeting at Lucknow. The article shall explore the legal and practical considerations of this widely demanded move and the opposition. It shall also brush up on the revenue side considerations for Central and State Governments. However, the primary focus shall remain on the legal aspects. Further, the paper shall also explore other regimes that have successfully brought petroleum under the ambit of a GST, like the regime and the models adopted and implemented.