The notices, sent between September and November, allege that companies wrongly classified CNG fuel tanks as general cylinders for compressed gas and paid 18% GST, despite these cylinders being exclusively used in motor vehicles. The authorities have sought unpaid tax from July 2017 to April 2024, with interest and penalty. Industry says this could have huge tax implications.
Anuradha Shukla is an Editor at The Quint. She specializes in finance, personal finance, and financial technology, with a keen focus on commodities, futures, and the BFSI sector, while also covering topics related to the economy, taxes, and gaming in India and China. Anuradha's work has been featured in The Quint, Cigalah Group, and multiple editions of The Economic Times.