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Symposium on Impact of GST on Oil & Gas sector

Federation of Indian Petroleum Industry (FIPI) organized a workshop on the impact of Goods & Services Tax (GST) on the Oil and Gas Sector in association with its knowledge partner, EY on December 06, 2017 at New Delhi. The workshop was organized primarily with the objective of understanding and analyzing the collective impact of GST on the oil & gas sector. The aim of the symposium was to highlight the core issues affecting the sector and deliberate on the possible resolution for the same by taking it up with the government.

Mr. Rajiv Bahl, Director (Finance, Taxation & Legal), FIPI welcomed the participants and emphasized on the opportune timing of the symposium. Mr. Abhishek Jain, Partner Indirect Tax, EY and Mr. Achal Chawla, Partner Tax & Regulatory Services, EY presented to the roundtable for deliberation and clarification, the various issues that had cropped up due to the new GST law. The roundtable was moderated by Mr. Harishanker Subramaniam, Indirect Tax Leader, EY. The roundtable was chaired by Mr. P.K. Jain, Director General of Audit, Customs & Central Tax who resolved the queries of the participants while also encouraging the industry members to submit representations on issues that were affecting them.

The roundtable invoked an intense debate and provided an excellent opportunity to all the participants to raise their queries and seek clarification.

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Mr. Rajiv Bahl, Director (Finance, Taxation & Legal), FIPI delivering the welcome address and opening remarks.
(L-R) Mr. Rajiv Bahl, Director (Finance, Taxation & Legal), FIPI, Dr. R. K. Malhotra, Director General, FIPI; Mr. P. K. Jain, Director General, Director General of Audit, Customs & Central Tax; Mr. Harishanker Subramaniam, Indirect Tax leader, EY; Mr. S. Rath, Member, PNGRB.
Mr. Harishanker Subramaniam giving the overview and approach on the GST.
Sh. P.K. Jain addressing the gathering.
Mr. Abishek Jain, Partner Indirect Tax, EY delivering the presentation on ‘Impact of GST on oil and gas sector’.
Mr. Achal Chawala, Partner Tax & Regulatory Services, EY delivering the presentation on ‘Impact of GST on oil and gas sector’.
Q&A session in progress.
Mr. V. K. Jain, ED(Tax), HPCL raising a query.
Mr. Harishanker Subramaniam answering to the query.
Mr. Rajiv Bahl responding to a query.