Dehradun, March 19 -- The Uttarakhand government has decided to reduce the Value Added Tax (VAT) on natural gas, providing significant relief to both the common people and industrial units. A notification to this effect has been issued by the Finance Department, and as a result, compressed natural gas (CNG) and piped natural gas (PNG) have become more affordable in the state. The VAT reduction is substantial, with a cut of approximately 50 percent.
It may be recalled that, currently, natural gas in Uttarakhand attracted heavy taxation in the form of VAT. This not only resulted in high costs for consumers but also imposed a heavy burden on industrial units. Recognising this, the government has implemented this reduction as a major relief me...