India's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...

Indian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...

"If there is any move in the GST council that affects the state’s power on taxation, then it would be opposed,” Ajit Pawar said.

Including ATF and natural gas will not just help companies set off tax that they paid on input but will also bring about uniformity in taxa...

As per the GST Constitutional Amendment Bill, petroleum products like LPG, kerosene and naptha would attract GST.

"Constitutionally petrol and other petroleum products will be within the GST system. But it would be out of the GST dispensation after its ...

The survey highlighted the need and scope for rationalising coal and petroleum prices and making them equivalent to international prices.

The Economic Survey observes that there is still a long way to go with potential large gains still to be reaped from reform of coal pricing.

In a letter to Prime Minister, she said the proposed GST Council "with the functions assigned to it will override the supremacy of the Legi...

At its last meeting on October 21, several states had opposed the inclusion of petroleum products and liquor in the proposed indirected tax...

Issues concerning taxation of liquor and petroleum products are expected to figure in the meeting of the Empowered Committee of State Finan...

Government should give adequate fiscal incentives. These incentives will attract more companies to invest in the Indian oil & gas sector.

Many states have in their last budget hiked the value added tax on petroleum products, sharply increasing the incidence of state-specific t...

Indian Oil Corp, the nation's largest oil firm, is looking at changes in tax laws to buy diesel from Reliance Industries to meet the fuel d...

Reliance Industries said its city gas would be cheaper by almost 33 per cent compared to LPG being supplied by oil PSUs.

RIL will start getting revenues from its natural gas discoveries in K-G basin from 2009-10, Chairman and Managing Director Mukesh Ambani sa...

Petroleum minister Murli Deora has ruled out any immediate increase in LPG (cooking gas) and kerosene prices, saying the government was com...