 "LNG terminal; Image Courtesy: KPMG")
Assocham has urged the centre government to immediately get revoked the notification vis-a-vis withdrawal of input tax credit on inter-state sale/branch transfer of natural gas issued by Finance Department of Gujarat government on November 28, 2016.
“Consequent to this notification, cost of re-gasified liquefied natural gas (RLNG) supplied by Petronet LNG, a Gujarat-based public sector undertaking (PSU) to other PSU gas distributors like Gail India Limited, Indian Oil Corporation Limited (IOCL) has shot up from four per cent to 15 per cent,” highlighted Assocham in a communication addressed to Union Minister for Commerce and Industry, Nirmala Sitharaman and Finance Minister of
