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4) Mukherjee, Sacchidananda and R. Kavita Rao,
May 2014, Designing GST for Indai inclusive of
Petroleum, Natural gas, and Electricity: Policy
Options. This paper stated that Natural gas, petrol,
diesel, aeronautics turbine energy, and electricity
are kept out of Goods and Services Tax (GST),
which would affect revenue for the State
Government. Introducing GST at advanced rates
would make the reform more delicate to apply.
The result of this knot lies in making reforms of
pricing of petroleum products coterminous with
the preface of the GST reforms. In all of the policy
options explored in the study, the estimated profit
neutral rate (RNR) is within the realm of
reasonable and doable, especially when compared
to the present rates of duty which are considered
as the criteria.
5) Saxena Anushree, Advances in Economics and
Business Management, (2018), GST and
Petroleum. —The research report shows why
crude oil and petroleum should remain subject to
the GST. Since then, this issue has been the
subject of several debates, criticisms, and
disputes. Petroleum is still exempt from the GST
coverage from previous years. One single present
tax policy—under which states are permitted to
impose taxes in accordance with their needs and
which is regarded as one of the primary sources of
revenue collection—is the primary reason why
states have refused to agree to include petroleum
in the GST. The Center had opposed exempting
natural gas and crude oil from the GST since it
would mean that the credit on capital goods and
input services would no longer be available. A
similar input, crude petroleum, is used to make
diesel and motor spirit, as well as other refined
goods like naphtha and lubricating oil base stock.
Refineries would have a very difficult time
allocating the credit on capital goods, input
services, and inputs if diesel and motor spirit were
excluded from the scope of the GST.
3 RESEARCH METHODOLOGY
In this paper two types of Research Methodology are
followed:
3.1 Quantitative Research
Through the collection of measurable data and the
operation of statistical, fine, or computer styles,
quantitative exploration is the methodical analysis of
marvels. Through the use of slice ways and the
distribution of online questionnaires, pates, and
checks, for case, quantitative exploration gathers data
from current and implicit guests. This can be
represented numerically. A product or service's future
can be prognosticated using these data, and changes
can also be made as necessary.
3.2 Analytical Research
Analytical research is a particular kind of research that
calls for the use of critical thinking abilities and the
assessment of data and information pertinent to the
project at hand. Analytical research is used by a range
of people, including students, doctors, and
psychologists studies to locate the most pertinent data.
4 INFERENCES &
INTERPRETATION
We have taken a sample of five states i.e. Delhi, MP,
Assam, Karnataka and Gujrat for this study.
4.1 Sampling Method
Data Collection method: In this paper, only secondary
data has been used for analysis. All data has been
collected from various reports, discussion papers,
blogs, websites, newspapers, Union budget reports,
GST council reports, mycarhelpline.com,
www.godigit.com, www.petrolpricetoday.com,
Dainik Bhaskar, etc.
In this study we are going to find out what will be
the changes on petrol prices before and after the
implementation of GST for that we have taken data of
5 states of India.
Table 1.
Delhi
Assam Karnataka Gujrat
(Levied by the
Central
- - - - -
Average dealer
commission
the State
- - - - -
GST @28% 17.122 18.2364 17.5896 17.038 17.1472
78.272 83.3664 80.4096 77.888 78.3872
Sources: Petrol price breakup of various states,
https://www.godigit.com/fuel/taxes/
Analysis of Implementation of GST on Petrol in India
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