ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Plugging Loopholes in Taxation of Interstate Sales

States may be hesitant to increase sales tax rates on petroleum products out of the goods and service tax’s ambit to cope with the Covid-19-led revenue shock. The risk of revenue loss on account of the interstate purchase of out-of-GST petroleum products at a concessional rate of 2% may not give an opportunity to state governments to enlarge fiscal space and lift the economy out of fiscal shock, given the fall in global price of crude petroleum.

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Updated On : 11th May, 2020


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