‘ATF, natural gas may get into GST net’

The GST Council may this week consider bringing jet fuel (ATF) and natural gas under the GST ambit but the tax slab is acting as a deterrent, people familiar with the matter said.

When Goods and Services Tax (GST) was introduced on July 1 last year, five commodities — crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) – were kept out of its purview.

While considerations of revenue loss to both the Centre and the States are holding back bringing all of them under GST net immediately, natural gas and ATF are considered fit case to begin the process.

However, fitting the two products in the tax slabs is proving to be difficult.

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