UTGST rate for supplies to Exploration and Production notified under section 8 (1) - 03/2017 - Union Territory GST (UTGST) Rate

UTGST exemption for petroleum operations supplies subject to conditions and capped rate under notified schedule.

Exemption of intra State supplies of listed goods for petroleum and coal bed methane operations from UTGST to the extent tax exceeds the notified capped rate, subject to conditions. Beneficiaries must be licensees, contractors or bona fide subcontractors and produce a Directorate General of Hydrocarbons certificate at the time of supply; subcontractors require affidavits and undertakings. Transfers require DGH transfer certificates and undertakings; disposal requires payment on depreciated value or, for mutilated non serviceable goods, tax on transaction value upon DGH certification. The annexure lists eligible goods and Customs Tariff interpretative rules apply.