Higher GST on oil and gas exploration to raise production costs

Higher GST on oil and gas exploration to raise production costs

Source: thehindubusinessline | Country: IN | Views: 4 | Shares: 0

Summary:

  • The government has raised the GST from 12 per cent to 18 per cent on petroleum operations undertaken under petroleum exploration licenses or mining leases, granted by the Government of India or any State Government to the ONGC or OIL on nomination basis
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