With rising fuel prices and speculations that bringing it under the GST will help control the prices, the Bihar Deputy Chief Minister Sushil Kumar Modi opined otherwise.
He asserted that bringing petroleum products under the ambit of Goods and Services Tax (GST) will not have much impact in reducing its prices.
Terming it to be a misconception, Sushil Modi said that the move may at best have minor impact in price control.
Sushil Modi, it need be mentioned, is the one who also heads the GST Network panel.
Sushil Modi, who is also Bihar’s Finance Minister, was replying to a query whether the government is contemplating bringing petroleum products under the GST regime.>