The potential inclusion of natural gas under the Goods and Services Tax could translate into lower expenses and increased transmission and trading volumes for GAIL India Ltd.
Recent commentaries by India's Oil Minister Hardeep Singh Puri and the Petroleum Ministry Secretary Pankaj Jain suggest that the government is reviving discussions of including natural gas under the GST regime.
While the inclusion could benefit customers the most, it could also impact GAIL's various business segments, according to Jefferies.
The potential inclusion of natural gas under the Goods and Services Tax could translate into lower expenses and increased transmission and trading volumes for GAIL India Ltd.
Recent commentaries by India's Oil Minister Hardeep Singh Puri and the Petroleum Ministry Secretary Pankaj Jain suggest that the government is reviving discussions of including natural gas under the GST regime.
While the inclusion could benefit customers the most, it could also impact GAIL's various business segments, according to Jefferies.
