Along with Swiggy-Zomato, petrol and diesel also on the radar of GST Council


New Delhi. The 45th meeting of the GST Council will be held on 17 September 2021 under the chairmanship of Finance Minister Nirmala Sitharaman. In this meeting, the proposal to bring petrol-diesel as well as online food delivery app Swiggy-Zomato under the purview of GST (Petrol-Diesel under-GST) will be considered. Windmills, solar power devices, medicine, carbonated drinks are also included in this agenda.

According to media reports, the committee has recommended bringing food delivery apps under the purview of at least 5 percent GST. In such a situation, customers may find it expensive to order food from Swiggy, Zomato, etc.

Petroleum products can also come under the purview of GST
Along with this, one or more petroleum products – petrol, diesel, natural gas and aviation turbine fuel (aircraft fuel) can also be brought under the purview of GST. After the Kerala High Court’s direction to bring petrol and diesel under the purview of GST, the matter will be brought before the GST Council on Friday.

Also read: Petrol price today: IOCL has released new rates of petrol and diesel, know what are the prices in your city

To discuss this, Sherin Bhan of CNBC-TV18 spoke to tax expert Rohan Shah and Prateek Jain, partner at Price Waterhouse & Company LLP. Jain said that Zomato and Swiggy were already paying taxes on the commission they were getting at 18 per cent. The fitment panel has recommended that food aggregators be classified as e-commerce operators and GST be paid on behalf of the restaurant concerned.

Approval of three-fourths of the people of the panel is necessary to bring it under the ambit of GST.
The imposition of tax on petroleum products will open the door for major changes in consumer prices and government revenue. Bringing petrol and diesel under the purview of GST will help the central government in reducing their prices. Let us inform that in recent months, the prices of petrol and diesel had reached a record level due to the tax imposed by the central and state governments. Diesel and gasoline consume more than half of the country’s fuel. Taxes account for more than half of the cost of fuel in the country.

However, bringing petrol and diesel under the purview of GST will not be so easy. In fact, any change in the GST system requires the approval of three-fourths of the panel’s members. Representatives of all the states are included in this panel. Some of them are opposing bringing the fuel under the purview of GST.

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