OIL & GAS

Bring fuel under GST: Assocham

By Times Of India

In a bid to boost ease of doing business, Assocham has pushed for bringing fuel under the ambit of Goods and Services Tax (GST). According to Vineet Agarwal, national president, Assocham, fuel must be brought under the ambit of GST so that industries can take the benefit of input tax credit.

“Bringing fuel under the ambit of GST will let industries claim input tax credit and this in turn will ease the cost pressures. We hope the GST Council soon takes a decision as it will go a long way in improving the ease of doing business,” said Agarwal.

He was in Gandhinagar on Thursday as part of a high-level delegation to meet Gujarat CM Bhupendra Patel to discuss the recent developments in the state’s economy & policy.

Agarwal said that Assocham delegation has extended support to the chief minister for the upcoming Vibrant Gujarat Global Investor Summit which is expected to be organised in January.

Source
Times Of India
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