Petroleum products to be out of GST for now: Arvind Subramanian

Arvind Subramanian added that GST council would decide for how long these products would be out of the new taxation regime, says report.

Chief Economic Advisor Arvind Subramanian reportedly said that Petrol and other petroleum products would not be brought under the GST regime for some time after its roll out.

"Constitutionally petrol and other petroleum products will be within the GST system. But it would be out of the GST dispensation after its implementation for some time", Subramanian was quoted as saying.

Arvind Subramanian added that GST council would decide for how long these products would be out of the new taxation regime, says report.