{"id":394372,"date":"2021-01-11T10:16:39","date_gmt":"2021-01-11T04:46:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394372"},"modified":"2021-01-11T10:16:39","modified_gmt":"2021-01-11T04:46:39","slug":"industry-%e2%80%8abody%e2%80%8a-asks-to-include-gas%e2%80%8a-under%e2%80%8a-gst","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/industry-%e2%80%8abody%e2%80%8a-asks-to-include-gas%e2%80%8a-under%e2%80%8a-gst\/","title":{"rendered":"Industry \u200abody\u200a asks to include gas\u200a under\u200a GST"},"content":{"rendered":"<p>The government should bring natural gas under the goods and services tax (GST) regime to realize Prime Minister Narendra Modi\u2019s vision for a gas-based economy and raising the share of the environment-friendly fuel in India\u2019s energy basket, the industry has said.<\/p>\n<p>Natural gas is currently outside the ambit of GST, and existing legacy taxes\u2014central excise duty, state VAT, central sales tax\u2014continue to be applicable on the fuel.<\/p>\n<p>\u201cNon-inclusion of natural gas under GST regime is having adverse impact on its prices due to stranding of taxes in the hands of gas producers\/suppliers and is also impacting natural gas-based industries due to stranding of legacy taxes paid on it,&#8221; the Federation of Indian Petroleum Industry (FIPI) said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government should bring natural gas under the goods and services tax (GST) regime to realize Prime Minister Narendra Modi\u2019s vision for a gas-based economy and raising the share of the environment-friendly fuel in India\u2019s energy basket, the industry has said. Natural gas is currently outside the ambit of GST, and existing legacy taxes\u2014central excise duty, state VAT, central sales tax\u2014continue to be applicable on the fuel. \u201cNon-inclusion of natural gas under GST regime is having adverse impact on its prices due to stranding of taxes in the hands of gas producers\/suppliers and is also impacting natural gas-based industries due [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-394372","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=394372"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394372\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}