Finance Ministry Receives Oil Ministry’s Proposal To Scrap Windfall Tax, Sources Say

Oil & Gas‚ Oil and Gas Industry | intent | November 29, 2024 | Comment off

Implementing GST is being considered as a solution to the high rates of petrol and diesel in the country, as it would eliminate the cascading effect of taxes—where state VAT is applied to both the cost of production and the central excise duty charged on that output.

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