Finance Minister Nirmala Sitharaman on Saturday mentioned that states didn’t agree on bringing aviation turbine gas beneath the ambit of Items and Providers Tax.”States didn’t really feel snug.
They did not need the ATF as a result of they noticed it as a part of the crude petroleum diesel basket, and due to this fact they mentioned that it alone can’t be taken out, and due to this fact that continues to stay the place it’s at this time,” she mentioned whereas briefing media on the result of fifty fifth GST Council assembly right here.
Apart from, she mentioned, no determination was taken with regard to discount in GST on insurance coverage premiums because the Group of Ministers (Go) wanted extra time to check the problem.
Many inputs are awaited together with the one from insurance coverage regulator IRDAI, she mentioned.
She additional mentioned that the GST Council has additionally deferred the choice with regard to fee rationalisation as extra time is required by the GoM for a complete research.
Nonetheless, the Council made strategies with regard to GST fee revision on numerous objects together with fortified rice kernels and gene remedy.
