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Search results for: LPG

IAC Urges 5% GST Rate on Auto LPG Gas

Indian Auto LPG Coalition Requests Lower GST Rate on Auto LPG Gas

The Indian Auto LPG Coalition (IAC) has asked the Central government to diminish the Goods and Services Tax (GST) on Auto LPG from 18% to 5%, supporting equality with recent tax adjustments in the natural gas sector. This request pursues the decision of Andhra Pradesh to cut the Value Added Tax (VAT) on Natural Gas […]

Assocham Seeks Industrial Fuel Under GST

Assocham: Govt Should Consider CNG & LPG Under GST for Low-Cost Production

Gandhinagar, Oct 14 (PTI) Assocham seeks from the center to draw industrial use CNG and LPG beneath the compliance of GST so as to make the cost of production low. As these natural gases which are practised as fuel in various industries do not cover beneath GST at the current times, the entrepreneurs shall not […]

Need Lower GST Rate for LPG Cylinder

Hoteliers Request Govt for GST Rate Cutting on LPG Cylinders

Hoteliers, for stand-alone restaurants, have requested the government to reduce the hiked Goods and Services Tax (GST) on commercial liquefied petroleum gas (LPG) cylinders, otherwise, it would lead to an unwanted hike in the prices of food items. Recalling history in a hurry, Between December last year(2020) and March(2021) this year, the price of a […]

Auto LPG

Auto LPG Must be Taxed at 5% GST: Indian Auto LPG Coalition

As per the association of auto LPG demand, the GST rate on auto LPG must be reduced to 5 per cent from 18 per cent which will further boost its retail demand and also help in the environment. Indian Auto LPG Coalition (IAC) has clearly stated that the auto LPG is one such fuel just […]

Natural Gas Should Be Included in the GST System

GAIL Chairman: The GST Rate on CNG Vehicles Should Be Reduced from 28% to 5%

GAIL chairman Sandeep Kumar Gupta mentioned that the government should consider more stringent policy interventions if the country wishes to achieve its objective of exceeding than doubling the share of natural gas in the energy mix to 15% by 2030. The government must mandate the use of natural gas in refineries and steelmaking, and make […]

Delhi HC's Order for Indian Oil Corporation Limited

Delhi HC Allows GST Refund to IOCL of Accumulated ITC Due to Inverted Duty Structure

The refund of ITC accumulated because of the inverted duty structure to the Indian Oil Corporation Limited (IOCL) is been permitted by the Delhi High Court. The tax rate levied on the inputs excluding LPG which are more compared to the GST rate levied on bottled LPG. ITC has accumulated based on the tax rate […]

FHRAI Demands for GST Rate Rationalisation & Easy Rules

FHRAI Appeals to Council for Simple GST Rules & Rate Rationalisation

Quoting higher inflation, the Federation of Hotel and Restaurant Associations of India appealed to the GST council to rationalize the GST rates for the hospitality sector. FHRAI indeed urged the government to acknowledge the update of simple GST rules to enable the establishments to come beneath the hospitality segment to claim the ITC. The same […]

GST - FIPI Expectation for Natural Gas in Budget 2022

FIPI Demands GST Rationalization of Natural Gas in Budget 2022

The government must draw the natural gas under GST compliance to discover the vision of the PM Narendra Modi on the subject of the economy of the gas and making the environment friendly fuel for India, the industry council that shows the likes of the Reliance Industries and the companies owned by the state. Natural […]

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