Andhra Pradesh govt enhances tax on natural gas by 10 percent

Citing the fall in revenues due to the COVID-19 induced lockdown, the Andhra Pradesh government on Saturday enhanced the tax rate on natural gas by 10 per cent, estimating that it could fetch an additional revenue of about Rs 300 crore per annum. Less than a month ago, the government revised the tax structure on petrol and diesel to earn an additional Rs 600 crore per annum.

Special Chief Secretary (Revenue) Rajat Bhargava issued a notification enhancing the tax on natural gas from 14.5 per cent to 24.5 per cent under Schedule-V of the AP Value Added Tax Act. “Presently, only natural gas is left to be taxed under Schedule-V of the APVAT Act after subsuming all other goods in GST,” he said.