Amid the skyrocketing petrol and diesel prices, a major decision may be taken on Friday during the 45th meeting of the GST Council that will be held in Lucknow, the capital of Uttar Pradesh. Finance Minister Nirmala Sitharaman will preside over this meeting to be held at 11 am, finance ministers of all states will participate in the meeting.
In this meeting of the GST Council, several key issues are expected to be discussed, which will have an impact on the businessmen as well as the common man.
The discussion on bringing petrol and diesel under GST has once again gained momentum. In Friday’s meeting, there may be a discussion on bringing petroleum products under the purview of GST.
Notably, if any changes are to be made in the GST system, approval is required from three-fourths of the panel. Representatives of all states and territories will be involved in this.
However, some of the members of this panel have opposed the inclusion of fuel in the GST and said…