Ramya. S. R, Tamilnadu Dr. Ambedkar Law University, School Of Excellence In Law, Chennai
Abstract
The research paper focuses on the taxing of the five petroleum products not included under the regime of GST, viz., the petroleum crude, motor spirit (petrol), high speed diesel, aviation turbine fuel and natural gas. The paper talks about the existing taxation structure of these that consists of the excise duty levied by the Centre and the Value Added Tax (VAT) levied by the states on these products. The analysis starts with how petroleum came to be priced and the taxing system followed currently and the proposed inclusion into the GST system of taxation.
The research followed the questionnaire method and hence the questionnaire posed with the content analysis of the responses obtained is provided for in the paper, along with the personal opinion and suggestions of the author. If it is advisable to bring the petroleum products under GST and the feasibility of the same is analyzed. The issues to be resolved before doing so is also discussed in the paper in the conclusion.
Σχόλια