- Aviation turbine fuel (ATF) is unlikely to enter the GST regime soon, as states want to retain their power to tax fuel products.
- A future GST inclusion of fuel may be considered only after the GST system becomes more robust and less exposed to geopolitical shocks.
- The government is focusing on expanding the GST base by increasing the number of registrations, rather than materially changing rates.
- A new GST officers’ panel is proposed to replace the existing fitment and law committees as a single expert body for the GST Council.
- Maharashtra, Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat would have fixed seats on the panel, while four other states would rotate based on GST footprint.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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