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States agree to bring petroleum products under GST ambit

India moved a step closer to implementing the goods and services tax (GST) after state governments agreed to allow petroleum products under its ambit. The final GST structure, however, could see substantial changes with state governments demanding major modifications in the constitutional amendment Bill currently being deliberated by the standing committee of finance, including doing away with a proposed dispute resolution authority and authorizing a GST council to decide on compensation issues, said a person familiar with the development.

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