Thursday, 11 May 2017

Dual taxation compliance by petrol pumps under GST will raise costs

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Despite petrol and petroleum products, including diesel and natural gas, being exempt from the GST, practically all filling stations will come under the tax ambit as they also sell lubricants and distilled water, which are not exempt, leading to an increase in compliance costs, industry stakeholders and experts have said.

India currently has over 45,000 petrol pumps." All petrol pumps are selling lubricants and it is under GST. Many of the petrol pumps also sell distilled water and other merchandise due to which each and every petrol pump will come under GST," Punjab Petroleum Dealers Association President Sandeep Sehgal told IANS.

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