Finance Minister Arun Jaitley asks states to cut tax burden on petro products
(WorldNews Business)

NEW DELHI: Finance Minister Arun Jaitley has urged state chief ministers to reduce sales tax or value-added tax (VAT) on fuels that have been kept out of the purview of goods and services tax (GST) but are used as input for products that come under the new indirect tax regime. Crude oil, petrol, diesel, natural gas and aviation turbine fuel (ATF) have been kept out of the purview of GST, which kicked in from July, replacing over a dozen central and state levies like central excise, service tax and VAT with a single uniform levy. States have turned down the Centre`s request to bring natural gas within the ambit of GST. A proposal to this effect was part of the GST Council`s agenda for its...