Natural gas taxation: amended VAT schedule imposes differentiated tax rates on non CNG supplies for manufacturers and other users. Amendment to Schedule IV replaces entries 8(a), 8(b) and 8(c) to set the point of tax as manufacturer or importer and to distinguish tax treatment of natural gas other than CNG: one rate for natural gas sold to industrial units for use in manufacture of chemical fertilizers and a different rate for other non CNG natural gas supplies, effective from publication and issued under the Uttar Pradesh VAT and GST statutory provisions.
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Natural gas taxation: amended VAT schedule imposes differentiated tax rates on non CNG supplies for manufacturers and other users.
Amendment to Schedule IV replaces entries 8(a), 8(b) and 8(c) to set the point of tax as manufacturer or importer and to distinguish tax treatment of natural gas other than CNG: one rate for natural gas sold to industrial units for use in manufacture of chemical fertilizers and a different rate for other non CNG natural gas supplies, effective from publication and issued under the Uttar Pradesh VAT and GST statutory provisions.
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