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Dharmendra Pradhan calls for inclusion

Dharmendra Pradhan calls for inclusion of petroleum products under GST


NEW DELHI. Minister of Petroleum and Natural Gas &Steel Dharmendra Pradhan has called for inclusion of petroleum products under GST regime. Speaking at third India Energy Forum by CERAWeek in New Delhi today, he appealed to the union finance ministerto take this up in the GST council and at least make a beginning byincluding natural gas and ATF in theGST.

He said “It’sbeentwoyearssincetheintroductionof historic tax reform the GST was implemented by decisive leadership of Prime Minister Modi.Given the complexity of petroleum sector and the revenue dependence ofstate governments in this sector, petroleum products have been kept outside the ambit of GST regime.There has been continuous demand from the petroleum industry forinclusion of petroleum products under GST regime.”

Inaugurating the Conference, the finance Minister Smt Nirmala Sitharaman said that India is becoming an attractive destination for foreign investors. Highlighting the recent announcements to bring down the Corporate Tax rates, she said that atmosphere to invest is friendlier now. She also talked about the amendments in the Companies act and IBC Code, stating that the focus is now on compliance. SmtSitharaman assured that Energy sector is on top of agenda, and we are in the cusp of energy transition.

The theme of third India Energy Forum by CERAWeek Conference is ‘New India’s Energy @75: Balancing Energy Security and Sustainability’. 1200 delegates from 15 countries and 300 companies are participating in the 3-day conference
(UPDATED ON OCTOBER 14TH, 2019)