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The petroleum and natural gas ministry has recommended the inclusion of natural gas in the goods and services tax (GST) framework to the finance ministry, an official aware of the development said on Thursday.
Tarun Kapoor, Advisor to the Prime Minister’s Office (PMO), has stated that the government is working to bring aviation turbine fuel (ATF) and natural gas under the Goods and Services Tax (GST) regime within this financial year.
Fertiliser stocks have been in focus over the last few days with the Street anticipating some relief in Goods and Services Tax (GST) on the sector at the upcoming GST Council meeting on June 22.
Natural gas players will be glued to the upcoming meeting of GST Council that could see the new government take a shot at bringing the feedstock under GST.
Taxation on natural gas remains key to increasing the use of natural gas in the economy, and the government is ‘cautiously optimistic’ about bringing the fuel within the fold of GST regime in 2024-25, Petroleum Secretary Pankaj Jain said on Wednesday.
The Union government should moderate the excise duty it levies on CNG till such time that the environment-friendly natural gas is included in the one-nation-one-tax GST regime, Kirit Parikh Committee has recommended. Natural gas is currently outside the ambit of…
A committee headed by Kirit Parekh has submitted its recommendation on gas pricing formula to the government on Wednesday. In an exclusive chat with Zee Business, Chairman of the Sustainable Gas Pricing Committee gives detailed insights. He said that there…