.. Cut Reliance On Petro Tax Revenues
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17 Sep 2021

Summary

  • Expectations are ripe of the inclusion of petroleum in the ambit of GST in the upcoming 45th meeting of the GST Council. Much of the recent focus and ire have been trained on the near-term impact of high taxes on petrol and diesel on consumer wallets besides some commentary on the impact on oil refiners and explorers. However, there is a much larger problem — the overwhelming fiscal dependence on a single source of revenue.

  • The energy sector is undergoing a massive overhaul as the world is trying to shed its fetish for fossil fuels and transition towards a low carbon economy. This transition is being driven by several push factors. The most important amongst t......

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