VATupdate

Share this post on

Potential Impact of Including Natural Gas in GST

  • Bringing natural gas under the GST regime could reduce prices for customers
  • The Indian government is cautiously optimistic about bringing natural gas under GST
  • Discussions about this move have been ongoing, but it has not yet been implemented
  • Petroleum Secretary Pankaj Jain anticipates a resolution on this topic by the financial year 2025
  • Domestic taxes on natural gas are still a work-in-progress, impacting its use

Source: ndtvprofit.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements:

  • AXWAY - VATupdate Banner