IBA seeks blanket corporate tax holidays for compressed biogas production
3 days, 4 hours ago

IBA seeks blanket corporate tax holidays for compressed biogas production

Live Mint  

New Delhi, Jan 12 Indian Biogas Association has urged the finance ministry to create blanket corporate tax holidays for compressed biogas production in the forthcoming General Budget to attract investment in the sector to promote this renewable energy source. "It is proposed that the government create blanket corporate tax holidays for CBG production. The tax breaks, in this case, will also enable CBG producers to offer their products at competitive prices, which in turn boost the adoption of CBG in India's energy mix, the industry body said. Additionally, IBA suggested that it will promote the usage of agricultural residues like paddy straw and crop wastes in biogas production rather than their burning, thereby reducing pollution.

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