+
GAIL Chairman Advocates Inclusion of Natural Gas in GST Regime
OIL & GAS

GAIL Chairman Advocates Inclusion of Natural Gas in GST Regime

Sandeep Kumar Gupta, the Chairman of GAIL (India) Limited, has urged for the inclusion of natural gas in the Goods and Services Tax (GST) regime. Highlighting the potential benefits of such a move, Gupta emphasizes the need for uniform taxation and enhanced transparency in the natural gas sector.

Gupta's advocacy for bringing natural gas under the GST regime aims to streamline taxation and eliminate the cascading effect of multiple taxes imposed on the commodity across different states. By subjecting natural gas to GST, Gupta believes that it would promote a more competitive market environment and stimulate investment in the gas sector.

The Chairman's proposal aligns with efforts to rationalize taxation and create a level playing field for natural gas suppliers and consumers. The inclusion of natural gas in GST could lead to reduced tax burdens for consumers and facilitate the expansion of the gas market, benefiting industries reliant on clean energy sources.

Gupta's call for the incorporation of natural gas into the GST regime reflects industry sentiments regarding the need for tax reforms to boost the growth of the gas sector. The move could enhance the attractiveness of natural gas as a clean and efficient fuel alternative, contributing to India's energy transition goals.

As discussions surrounding the inclusion of natural gas in GST gain momentum, stakeholders anticipate constructive dialogue and collaborative efforts between industry players and policymakers to address taxation challenges and unlock the full potential of the natural gas market in India.

Sandeep Kumar Gupta, the Chairman of GAIL (India) Limited, has urged for the inclusion of natural gas in the Goods and Services Tax (GST) regime. Highlighting the potential benefits of such a move, Gupta emphasizes the need for uniform taxation and enhanced transparency in the natural gas sector. Gupta's advocacy for bringing natural gas under the GST regime aims to streamline taxation and eliminate the cascading effect of multiple taxes imposed on the commodity across different states. By subjecting natural gas to GST, Gupta believes that it would promote a more competitive market environment and stimulate investment in the gas sector. The Chairman's proposal aligns with efforts to rationalize taxation and create a level playing field for natural gas suppliers and consumers. The inclusion of natural gas in GST could lead to reduced tax burdens for consumers and facilitate the expansion of the gas market, benefiting industries reliant on clean energy sources. Gupta's call for the incorporation of natural gas into the GST regime reflects industry sentiments regarding the need for tax reforms to boost the growth of the gas sector. The move could enhance the attractiveness of natural gas as a clean and efficient fuel alternative, contributing to India's energy transition goals. As discussions surrounding the inclusion of natural gas in GST gain momentum, stakeholders anticipate constructive dialogue and collaborative efforts between industry players and policymakers to address taxation challenges and unlock the full potential of the natural gas market in India.

Next Story
Infrastructure Urban

FedEx, IIT Madras Launch SMART Centre for Sustainable, AI-led Logistics

FedEx has partnered with the Indian Institute of Technology (IIT) Madras to inaugurate the SMART Centre (Supply Chain Modelling, Algorithms, Research and Technology Centre) on the institute’s campus. The facility will drive innovation in sustainable and AI-driven logistics solutions. Backed by a five-year $5 million grant from FedEx, the SMART Centre aims to combine advanced research, digital technologies, and industry expertise to transform supply chains with a focus on agility, resilience, and environmental responsibility.The centre will also spearhead interdisciplinary projects in ar..

Next Story
Infrastructure Transport

PM Modi to Inaugurate Aunta–Simaria Six-Lane Ganga Bridge on Aug 22

Prime Minister Narendra Modi will inaugurate the newly built Aunta–Simaria six-lane Ganga bridge on August 22, marking a significant milestone in Bihar’s infrastructure growth.The 8.15-km-long bridge, constructed at a cost of Rs 18.71 billion, connects Aunta Ghat in Mokama (Patna district) with Simaria in Begusarai and runs parallel to the decades-old Rajendra Setu. With Rajendra Setu undergoing repairs and heavy vehicles barred from plying, the new bridge is expected to ease congestion and provide seamless connectivity between north and south Bihar.Officials said the bridge will reduce tr..

Next Story
Technology

Hexalog Expands with 48,000 Sq Ft Fulfilment Centre in Bengaluru

Hexalog Technologies, an AI-driven supply chain company specialising in cross-border solutions, has inaugurated a 48,000 sq ft Value-Added Centre (VAC) in Bengaluru. The new facility strengthens Hexalog’s fulfilment network and marks a significant step in its strategic expansion across high-demand regions.Strategically located in Bengaluru, the Tier 1 hub offers strong transport connectivity and proximity to major ports, enabling enhanced cross-docking, wider geographic reach, and faster last-mile deliveries across South India.Designed to support both e-commerce and cross-dock operations, th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?