Haryana Govt Announces 2.5% State GST Concession for Petroleum and Coal Bed Methane Operations Under GST Act 2017.

The Haryana Government, under the Haryana Goods and Services Tax Act, 2017, has announced a 2.5% concessional State GST rate for intra-State supplies of specified goods used in petroleum and coal bed methane operations. This concession applies to supplies related to petroleum operations under various government contracts, including those under the New Exploration Licensing Policy and Marginal Field Policy. The exemption is subject to conditions, such as the provision of certificates from authorized officers confirming the necessity of goods for operations. The notification is effective from July 1, 2017, and includes a detailed list of eligible goods and conditions.