Bring petrol-diesel under ambit of GST regime

Experts express their view in a seminar on GST 2.0.

- Our Staff Reporter

Navneet Goyal, former chief commissioner of Central Goods and Service Tax (CGST) MP & Chhattisgarh, has said that GST rates should not exceed 2 or 3 slabs.

It is necessary to make Input Tax Credit (ITC) rules practical. He suggested that the petrol and diesel should be brought under the GST ambit, the process of filing of annual returns should be simplified for small taxpayers and the rate of GST for composition dealers should be reduced to 0.5%.