The government is cautiously optimistic about bringing natural gas under the Goods and Services Tax (GST) regime by 2024-25, which would accelerate the shift towards natural gas. Taxation remains a challenge, but the government is working on resolving the issue through negotiations with states. Once resolved, the use of natural gas will make economic sense, and India aims to increase its share in the country’s primary energy basket to 15% by 2030.
Source A2ztaxcorp
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
