https://www.taxtmi.com/news?id=18655 Post GST, petroleum products used as manufacturing inputs remain taxed under Value Added Tax while final goods attract GST, producing a risk of tax cascading; the Finance Minister requested States to consider reduced VAT rates on petroleum inputs (for example compressed natural gas and diesel used in manufacturing) to limit input cost disruption and preserve manufacturing competitiveness. en-us Fri, 18 Aug 2017 12:11:11 +0530 Fri, 18 Aug 2017 12:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18655 Post GST, petroleum products used as manufacturing inputs remain taxed under Value Added Tax while final goods attract GST, producing a risk of tax cascading; the Finance Minister requested States to consider reduced VAT rates on petroleum inputs (for example compressed natural gas and diesel used in manufacturing) to limit input cost disruption and preserve manufacturing competitiveness. News - Fri, 18 Aug 2017 12:11:11 +0530 https://www.taxtmi.com/news?id=18655