State with reasons, whether the following statements are true or false under GST law: Natural Gas is taxable @ 12% under GST Act, 2017.

False. Since as per Section 9(2) of Central Goods and Services Tax Act, 2017 central tax on the supply of Natural Gas shall be levied from such date as may be notified by the Government on the recommendations of GST Council and the Government has not yet notified such date.