https://www.taxtmi.com/news?id=19056 Industry bodies request inclusion of natural gas under GST to prevent tax cascading and remove the present denial of input tax credits to gas producers and consumers. They argue that sales remain subject to legacy indirect levies while suppliers to the sector pay GST without corresponding credits, creating a substantial indirect tax burden. The submission also seeks interim refunds of GST paid on exploration and production inputs until natural gas is covered by GST to avoid disadvantaging gas-based industries and support a policy shift toward greater gas usage. en-us Fri, 17 Nov 2017 10:01:02 +0530 Fri, 17 Nov 2017 10:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19056 Industry bodies request inclusion of natural gas under GST to prevent tax cascading and remove the present denial of input tax credits to gas producers and consumers. They argue that sales remain subject to legacy indirect levies while suppliers to the sector pay GST without corresponding credits, creating a substantial indirect tax burden. The submission also seeks interim refunds of GST paid on exploration and production inputs until natural gas is covered by GST to avoid disadvantaging gas-based industries and support a policy shift toward greater gas usage. News - Fri, 17 Nov 2017 10:01:02 +0530 https://www.taxtmi.com/news?id=19056