{"id":463973,"date":"2022-01-27T08:57:53","date_gmt":"2022-01-27T03:27:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463973"},"modified":"2022-01-27T09:35:39","modified_gmt":"2022-01-27T04:05:39","slug":"bring-natural-gas-under-gst-for-pms-vision-of-gas-based-economy-industry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bring-natural-gas-under-gst-for-pms-vision-of-gas-based-economy-industry\/","title":{"rendered":"Bring natural gas under GST for PM&#8217;s vision of gas-based economy: Industry"},"content":{"rendered":"<p>The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi&#8217;s vision for a gas-based economy and raising the share of the environment-friendly fuel in India&#8217;s energy basket, an industry body that represents the likes of Reliance Industries as well state-owned firms, has said.<\/p>\n<p>Natural gas is currently outside the ambit of GST, and existing legacy taxes &#8212; central excise duty, state VAT, central sales tax &#8212; continue to be applicable on the fuel. <\/p>\n<p>In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of members from across the oil and gas spectrum,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi&#8217;s vision for a gas-based economy and raising the share of the environment-friendly fuel in India&#8217;s energy basket, an industry body that represents the likes of Reliance Industries as well state-owned firms, has said. Natural gas is currently outside the ambit of GST, and existing legacy taxes &#8212; central excise duty, state VAT, central sales tax &#8212; continue to be applicable on the fuel. In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-463973","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463973","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=463973"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463973\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}