Report on IT surcharge on oil baseless, Finance Ministry clarifies.

By Vijay Kumar

Attention of the Ministry of Finance has been drawn to reports appearing in a section of media (including DDT) following a routine meeting between the Minister of Petroleum and Natural Gas and the Finance Minister. The reports are largely speculative and in particular, reports about certain new tax proposals are totally baseless. Ministry of Finance points out that no body from the Ministry had briefed the media.

Do they have these routine meetings, especially when the petrol issue is burning?