亚博体育官网首页

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
Building Material

Adani Cement and CREDAI to Elevate Sustainable Urban Construction

Adani Cement and CREDAI (Confederation of Real Estate Developers鈥� Associations of India) have entered an exclusive preferred partnership to advance sustainable and high-quality construction in India. The signing took place in the presence of Hon鈥檅le Chief Minister of Goa, Pramod Sawant, during the CREDAI Governing Council Meeting held in Panjim, attended by industry body office bearers and leading developers from across the country.This strategic alliance brings together Adani Cement and the country鈥檚 apex body of private real estate developers, aiming to benefit both organisations and t..

Next Story
Infrastructure Urban

DCVMI Inaugurates New Manufacturing Plant in Cikarang

Daimler Truck marked a significant milestone in its regional expansion with the opening of Daimler Commercial Vehicles Manufacturing Indonesia (DCVMI)鈥攁 cutting-edge greenfield manufacturing facility located in the Cikarang Industrial Area, Indonesia. This strategic investment underscores Daimler Truck鈥檚 long-term commitment to Southeast Asia, tailored to meet the region鈥檚 dynamic and evolving mobility needs. The new DCVMI plant spans 15 hectares and has an annual production capacity of 5,000 Mercedes-Benz trucks and buses. With a total investment of IDR 500 billion, this facility e..

Next Story
Equipment

Govt Defers OTR-2024 Implementation to September 2026

In a significant development for the construction, mining, and heavy equipment industries, the Ministry of Heavy Industries (MHI) has officially deferred the implementation of the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024 (OTR-2024) by one year. The new compliance date is now set for September 1, 2026.The OTR-2024, originally notified on August 28, 2024, was to come into effect from August 28, 2025. It aimed to regulate the safety of machinery and electrical equipment, including earthmoving, construction, mining equipment, cranes, and their assemblies..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement