Rationalising Taxation of Petroleum Products
Publication date
जन, 2008Details
Report submitted to the Thirteenth Finance CommissionAuthors
Nirmal Singh, Subrata MandalAbstract
The report estimates (a) tax collection from petroleum products and natural gas by the central and state governments; and (b) subsidies on individual petroleum products. Petroleum products considered in the study include motor spirit; high speed diesel; aviation turbine fuel; superior kerosene oil; liquefied petroleum gas; naphtha; bitumen; compressed natural gas; and liquefied natural gas. The study explicitly examines the tax structure and projects future revenues from taxation of petroleum products and natural gas by the central government and state governments for the year’s upto 2011-12.