Morbi Ceramic explains what GST on gas will mean for the industry

Shailesh Vasnani, Vice President of Morbi Ceramic Association discussed current gas pricing trends, the potential impact of bringing natural gas under GST, and the growth trajectory of the ceramic tiles export market despite looming trade challenges.

“If the government considers this under GST slab, the GST what we are paying right now will be 6% benefit to the industry,” says Shailesh Vasnani, Vice President of Morbi Ceramic Association.

This saving could either fully benefit the industry or be partially absorbed by Gujarat Gas as additional margins.

In both scenarios, the industry stands to gain significantly from the GST rebate, potentially reducing gas prices by at least Rs.2.5 per kg, given the current price of Rs.45.

Source: CNBC TV18