Branch² Intelligence
Assam Govt Proposes VAT Cut On Piped Natural Gas From 14.5% To 5%
Key takeaway
Assam proposes cutting VAT on piped natural gas from 14.5% to 5%, reducing input costs for industrial users.
- Step 1Assam government proposes VAT cut on PNG from 14.5% to 5%.
- Step 2Lower gas prices reduce input costs for tea estates and other industrial users in Assam.
- Step 3Improved margins for tea producers may lead to higher output and investment in processing capacity.
Source: IN:NDTV Profit
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