Petronet LNG Limited CC-Dec24.pdf · 2025-01-28
Yeah, so I have two questions. Essentially, first question is understanding the tax structure which is valid for Petronet once it imports the LNG cargoes from countries like Qatar, basic custom duty and SWS, and do you also pay VAT? And when you sell this gas to companies like companies like GAIL , what is the kind of VAT etc which you pay? Because the motive for me to ask this question was to understand the impact of GST for Petronet once the natural gas comes under GST . And the other question stands at that we have seen about 25% growth YOY of LNG imports, yet it is not reflected in the kind of volumes you are showing this quarter. So, what do you think has been the bottleneck in order to revamp the volumes according to the revamping of the LNG imports in India?
But this is something which needs to be paid by the off-takers, right? The VAT does not, get levied when you import the LNG from companies like Qatar Gas? When you sell it to GAIL, when you sell it to off takers, then only it is levied. And do you get some kind of credit also, input credit or the off takers get some kind of credit also when they take the gas to some nearby states like Delhi or even if they take the gas to let's say somewhere some place in Gujarat itself, do they get the input?