Policy & Govt

Govt looking at bringing natural gas under GST, pricing freedom: Petroleum Secy

The government is considering bringing natural gas under the Goods and Services Tax (GST) regime to begin with as it would be difficult to bring the entire oil and gas sector immediately under it, petroleum secretary Tarun Kapoor said today.

“We want that whoever is in the sector has ease of operations. The first product which we are targeting is gas so if that happens that would be a good beginning and that is the direction in which we have to go,” Kapoor said addressing a webinar on ‘Future of Global Oil & Gas Prices & Policies for India’ organised by FICCI.

He also said the the government is keen to invite more investments into the sector and is looking at pricing freedom.

Source
ET Energy World
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