Petroleum Products & Alcohol In GST Need Steady Revenues: CBIC Chief Vivek Johri

In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek Johri Chairman CBIC discusses The major sector currently outside the scope of GST includes petroleum products and alcohol. The revenue position from SGST (State Goods and Services Tax) has become more comfortable, making it easier to bring these items under the GST framework. However, according to constitutional provisions, the GST Council will need to make recommendations on this matter. For such inclusion to occur, it is crucial for revenues to stabilize and demonstrate sustained growth, ensuring the necessary financial stability and flexibility.