India’s Goods and Services Tax (GST) will go live on 1 July, but the exclusion of certain oil- and gas-related products – and the inclusion of competing fuels such as coal and fuel oil – is expected to have adverse consequences for the gas industry.
The GST is a nationwide levy that subsumes a large web of local, state and central taxes into one consumption-based indirect tax. States in India lobbied hard to keep petroleum products out of the GST, citing loss of revenue if they...
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