Natural gas taxes are still essential to boosting fuel use in the economy, and the government is “cautiously optimistic” about including natural gas in the Goods and Services Tax (GST) system in 2024–2025. The gas tax is one of our biggest challenges. Natural gas taxes in the United States are still being developed. That has an impact on the natural gas use case.
The central excise charge, state VAT, and central sales tax that were formerly imposed on natural gas are still in effect, and the fuel is not currently subject to the GST. Taxation termination is the last component that has to be implemented.
India has set a goal to increase the proportion of natural gas from the present 6.7% to 15% of the primary energy basket by 2030.