India Inc flags GST hike on capital goods, warns of impact on oil & fuel independence
- Posted on September 11, 2025
- By Business News Today
- 2 Views
India Inc flags GST hike on capital goods, warns of impact on oil & fuel independence
FICCI has expressed concerns to the Oil Minister regarding the recent GST hike on capital goods for the oil, gas, and CBM sectors. They argue that this increase undermines efforts to reduce import dependence and contradicts the Oilfields Regulation and Development Act's aim of providing fiscal stability.
