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of <h1>Exemption of intra-state GST for petroleum and coal-bed methane exploration goods exceeding 9% rate, subject to conditions</h1> Intra-state supplies of goods listed in the annexure used for petroleum and coal-bed methane exploration and production under specified licenses or contracts are exempt from central GST to the extent tax exceeds a concessional rate of 9%, subject to conditions. Eligibility requires recipient status as licensee, contractor or bona fide sub-contractor and production of certificates from the Directorate General of Hydrocarbons, affidavits and undertakings; transfers and disposals are regulated with depreciation-based tax liability or an option to pay 9% on mutilated non-serviceable goods. The notification is effective from 1 July 2017.
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