GST from 1 July: Union Minister Piyush Goyal says no possibility of power tariff hike post new tax regime

New Delhi: Power Minister Piyush Goyal sees no possibility of increase in power tariff across the country post GST, saying industry associations have not sought its deferment.

The Goods and Services Tax (GST), which is set for 1 July kick-off, will usher in a new system under which there will be one tax on commodities and services across the country.

Union Power Minister Piyush Goyal. PIB

Union Power Minister Piyush Goyal. PIB

"I don't see any possibility of spike in power tariff due to implementation of GST. There could be one or two paise variation (per unit of electricity)," Goyal told reporters after his meeting with the industry covering power, coal, mines and renewable energy sectors.

Goyal added that there are a couple of issues raised, which will be put forth at the next meeting of the GST Council. One of them pertains to the issue of tax on product made up of fly ash, a by-product at coal-based thermal power plants.

The industry association, Goyal said, has not sought postponement of the GST implementation and all are content with the new framework.

The power ministry will make an analysis on the basis of tax collection before and after implementation of GST to find out if the new tax rates are "inordinately" high or not.

Updated Date: Jun 22, 2017 17:50 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See