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Implications of the Union Budget 2016 on the Oil & Gas Sector - Delhi

PetoFed organized Senior Management Meet on ‘Implications of the Union Budget 2016 on the Oil & Gas Industry’ in knowledge partnership with KPMG on March 1, 2016 at New Delhi. The participants were welcomed by Dr. R.K. Malhotra, Director General, PetroFed.

Shri B. Ashok, Chairman, PetroFed and Chairman, IndianOil gave opening remarks. The detailed implications of the Union Budget on the Oil & Gas Sector for Direct Tax and Indirect Tax were presented by Shri Nabin Ballodia, Partner, KPMG and Shri Priyajit Ghosh, Indirect Tax Specialist respectively.

The industry perspective for the downstream, gas and private sector was presented by Shri A.K. Sharma, Director (Finance), IOCL; Shri Subir Purkayastha, Director (Finance), GAIL and Ms. Bela Mao Sheth, Tax Director, Shell India respectively.

The event was attended by senior industry leaders from the Oil & Gas sector, who keenly listened to the experts from KPMG. The question and answer session invoked a healthy debate on the economy and implications of the Budget on oil & gas sector.

Click here to view Biodata and presentations

Shri Rajiv Bahl, Director (Finance, Taxation & Legal), PetroFed compering the event.

Dr. R.K. Malhotra, DG, PetroFed welcoming the participants.

Shri B. Ashok, Chairman, PetroFed and Chairman, IndianOil delivering opening remarks.

Shri Nabin Ballodia, Partner, KPMG presenting Budget Implications on Direct Tax.

Shri Priyajit Ghosh presenting Indirect Tax Implications of the Union Budget.

Session in Progress.

Shri A.K. Sharma, Director (Finance), IOCL presenting downstream industry perspective.

Shri Subir Purkayastha, Director (Finance), GAIL presenting gas sector perspective.

Ms. Bela Mao Sheth, Tax Director, Shell India presenting private sector perspective.

Standing (L-R) Shri Rajiv Bahl, Director (Finance, Taxation & Legal), PetroFed; Shri Priyajit Ghosh, Indirect Tax Specialist; Shri Nabin Ballodia, Partner, KPMG; Shri Subir Purkayastha, Director (Finance), GAIL; Shri A.K. Sharma, Director (Finance), IOCL; Ms. Bela Mao Sheth, Tax Director, Shell India; Dr. R.K. Malhotra, DG, PetroFed.

A section of the participants.

Shri N.K. Bansal, Director (Oil Refining & Marketing), PetroFed raising a query.

Shri A.K. Sharma answering a query.

Shri Rajiv Bahl, Director (Finance, Taxation & Legal), PetroFed greeting Shri B. Ashok, Chairman, IndianOil and Chairman, PetroFed.