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News Brief | August 2015

Gujarat moves SC against firms

The Gujarat government moved the Supreme Court stating that British Gas and two other companies ´ONGC and Reliance Industries Ltd´ are liable to pay sales tax for bringing gas to Hazira from the Panna-Mukta-Tapti (PMT) field, situated off the west coast of India.
The state government is claiming that sales tax dues of around Rs 4,000 crore is payable between 1998-2015 by the three companies, which had entered into the production sharing contract (PSC) with the Centre, for capital investment and exploration.
The state government had assessed the sales tax of around R1,500 crore from 1997 to 2001 on the three contractors while stating that the gas was delivered and sold to GAIL from the territorial region of Gujarat.
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