Tag: Impat of GST

Under GST regime Indian Oil to take 4,200 Crore Hit

Indian Oil Corporation (IOC) is seeing the impact of Goods and Services Tax (GST). Nearly Rs. 4,200 crore as they would not be able to claim input tax credit (ITC) for automotive fuels that fall outside GST. ITC allows an entity to reduce the tax on outputs by the same amount already paid as a tax … Continue reading “Under GST regime Indian Oil to take 4,200 Crore Hit”

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