GST On Petrol: An Analysis of Impact on Government Revenue

Abstract

The fact is that the introduction of a new system not only curbs an existing old system but also with pros of such new system comes cons as well and that exactly what happened with the introduction of GST in India. But at times too much pros are also not considered good and exactly this happened with GST introduction which led the Indian ministry to face several questions regarding the noninclusion of Petroleum and its products under the GST system which resulted an excessive increase in the Petroleum prices in comparison to other countries.