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Published in:

Volume 5 Issue 4
April-2018
eISSN: 2349-5162

Unique Identifier

JETIR1804009

Page Number

40-43

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Title

Expected Impact of GST on oil and Gas Industry

ISSN

2349-5162

Cite This Article

"Expected Impact of GST on oil and Gas Industry", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 4, page no.40-43, April-2018, Available :http://www.jetir.org/papers/JETIR1804009.pdf

Abstract

Abstract:: GST also known as the Goods and Services Tax is defined as the giant indirect tax structure designed to support and andhance the economic growth of a country. In India, GST is implemented as one tax system for all goods and services. . The GST would subsume several Central and State taxes into a single tax which would mitigate cascading taxation and facilitate a common national market This newly updated tax system is implemented in India from 1st July 2017. The Goods and Services Tax (GST) will adversely affect the oil and gas industry as the sector will have to comply with both the current tax regime and the GST. Infact, GST will Negatively affect on Oil And Gas Industry due to compliance with dual taxation regimes and non-creditable tax costs.

Key Words

Keywords:: GST in India, Goods and service tax(GST) ,Direct tax, Indirect tax

Cite This Article

"Expected Impact of GST on oil and Gas Industry", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 4, page no. pp40-43, April-2018, Available at : http://www.jetir.org/papers/JETIR1804009.pdf

Publication Details

Published Paper ID: JETIR1804009
Registration ID: 180947
Published In: Volume 5 | Issue 4 | Year April-2018
DOI (Digital Object Identifier):
Page No: 40-43
ISSN Number: 2349-5162

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Cite This Article

"Expected Impact of GST on oil and Gas Industry", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 4, page no. pp40-43, April-2018, Available at : http://www.jetir.org/papers/JETIR1804009.pdf




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