Kerala not against bringing fuel under GST regime.

Kerala government is not against bringing petrol, diesel into Goods and Services Tax GST regime provided the Center compensates the revenue loss due to the state government.

However, the union government has agreed to compensate the loss is aimed at the states for five years if the tax collection post-GST is below 14 percent.This compensation assured is for five years.

The skyrocketing fuel prices have put the aam admi into a huge financial squeeze as there is no strong move on both the state and central governments to bridge the gap, blaming each other in running away from the sessions talks on the issue.

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