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of <h1>Union Territory GST relief: intra-state supplies of specified goods for hydrocarbon exploration and CBM exempted beyond concessional rate, conditional</h1> The government exempts intra-State supplies of listed goods for hydrocarbon exploration, production and coal-bed methane operations from Union Territory GST to the extent the tax exceeds the concessional rate specified, subject to conditions. The concession applies to goods used by licensees, contractors and subcontractors under specified licenses/policies and requires certificates from the Directorate General of Hydrocarbons and supporting affidavits/undertakings. Transfers between parties require additional certification and undertakings. Disposal of goods attracts tax on depreciated value (specified quarterly rates) or, if mutilated and non-serviceable, an option to pay tax at 9% on transaction value.
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