{"id":554490,"date":"2023-02-10T09:42:34","date_gmt":"2023-02-10T04:12:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=554490"},"modified":"2023-02-10T10:41:36","modified_gmt":"2023-02-10T05:11:36","slug":"state-run-gail-india-signs-advance-pricing-agreement-with-cbdt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/state-run-gail-india-signs-advance-pricing-agreement-with-cbdt\/","title":{"rendered":"State-run GAIL (India) signs advance pricing agreement with CBDT"},"content":{"rendered":"<p>State-run GAIL (India) Limited entered into a advance pricing agreement (APA) with the Central Board of Direct Taxes (CBDT) for determining the transfer pricing margin payable on its long-term LNG sourcing contract from the United States for a period of five years.<\/p>\n<p>GAIL is the first public sector undertaking in oil &amp; gas sector in India to successfully sign the APA.<\/p>\n<p>The APA scheme was launched in 2022 to enhance the government&#8217;s goal of promoting a non-adversarial tax system and improve the ease of doing business in India.<\/p>\n<p>According to the Income Tax department, APA programmes are operational in a number of countries and they are almost 30 years old in countries like Canada, USA, Japan and UK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run GAIL (India) Limited entered into a advance pricing agreement (APA) with the Central Board of Direct Taxes (CBDT) for determining the transfer pricing margin payable on its long-term LNG sourcing contract from the United States for a period of five years. GAIL is the first public sector undertaking in oil &amp; gas sector in India to successfully sign the APA. The APA scheme was launched in 2022 to enhance the government&#8217;s goal of promoting a non-adversarial tax system and improve the ease of doing business in India. According to the Income Tax department, APA programmes are operational in a [&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-554490","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\/554490","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=554490"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554490\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}