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Sluggish collection of excise duty from petroleum and natural gas — even before the windfall tax regime got scrapped in December — shows that the sector’s overall tax contribution to the public exchequer is likely to drop significantly in FY25, said officials.
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.
Finance Minister Nirmala Sitharaman on Friday said the Union government wants to bring petrol and diesel under the ambit of…
Petroleum dealers in the State have urged the Central and State governments to switch over to the Goods and Service…
In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek, Johri Chairman CBIC discusses the major sector currently outside…
Industry organisations want petroleum products to come under the ambit of the Goods and Services Tax (GST) in Budget 2023-24,…
Source: Economic Times dated 09.02.2022 The GST Council has made no recommendation so far to include petroleum products, including petrol,…