Government considering to bring natural gas under GST: Petroleum Secretary

Our Bureau New Delhi | Updated on May 27, 2020

With no adequate GST collections, the Centre may find it increasingly difficult to pay compensation iStockphoto shylendrahoode

The Government is considering bringing natural gas under the Goods and Services Tax said Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas.

Commenting on the petroleum products that will be brought under GST, Kapoor said, "The first product which we are targeting is gas so if that happens that would be a good beginning and that is the direction we have to go."

Kapoor was addressing a webinar on ‘Future of Global Oil & Gas Prices & Policies for India’, organised by FICCI.

Highlighting the benefits of decline in the international crude prices, Kapoor said, “This situation is good for the country because we have huge oil imports and we could make good use of the low prices. We could buy crude to fill our strategic reserves as well. Indian markets are also coming gradually to its previous level so the demand will also increase.”

Published on May 27, 2020

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