petrol excise duty Archives

Understanding GST on Petrol: Comprehensive Guide to Potential Impacts and Benefits

By eFiling India TeamPosted on June 11, 2024Posted in GSTTagged benefits of GST on petrol, challenges of GST on petrol, GST and petrol prices, GST benefits for consumers, GST impact on petrol prices, GST on petrol, GST on petroleum products, input tax credit on petrol, petrol excise duty, petrol pricing under GST, petrol tax structure, petrol taxation in India, petrol under GST regime, petrol VAT, state revenue from petrolNo Comments

Guide to GST on Petrol Introduction The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It was introduced on July 1, 2017, to replace multiple indirect taxes such as VAT, excise duty, and service tax. However, petrol and other petroleum products are currently […]