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FM asks states to cut VAT on natural gas, other fuels

Finance Minister Arun Jaitley has written to state chief ministers seeking a cut in sales tax or value added tax (VAT) on fuels like natural gas that have been kept out of the GST, but are used as inputs for goods that come under the new unified tax regime, said a government release.

Crude oil, petrol, diesel, natural gas and jet fuel (ATF) have been kept out of the Goods and Services Tax (GST) which kicked in from July 2017, replacing over a dozen central and state levies like central excise, service tax and VAT with a single uniform levy.

Jaitley has written to state chief ministers “urging them to reduce burden of Value Added Tax (VAT) on petroleum products used as inputs in making of goods after the introduction of GST, it said.

Finance Minister has requested states to explore the possibility of having a lower rate of VAT on petroleum products used for manufacturing of those items on which there is GST, so that there is minimum disruption in the costing of goods, it added.