- Government working to bring aviation turbine fuel (ATF) and natural gas under GST regime by year-end
- Discussions underway to implement this shift, long-standing demand from aviation and energy sectors
- Currently, ATF and natural gas subject to state-level taxes, including excise duty and VAT
- Inclusion under GST would simplify tax structure, reduce operational costs for industries
- Move aligns with government’s push towards rationalizing taxes on essential resources
- Efforts also underway to introduce new policy for small hydropower projects
- Reforms part of government’s initiatives to streamline energy and power sectors
- Resistance from state governments due to concerns about potential revenue losses
- States like Kerala and Tamil Nadu have opposed measures, delaying inclusion under GST umbrella.
Source: a2ztaxcorp.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.
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