Petroleum and coal bed methane equipment supplies exempted from state tax above 2.5% with DGH certification required. Exempts intra State supplies of goods listed in the annexure from State tax to the extent tax exceeds the amount calculated at the prescribed rate (2.5%), only when supplied for petroleum or coal bed methane operations to licensees, contractors or bona fide subcontractors. Exemption is conditional on production of a DGH certificate at time of supply, additional affidavits and undertakings for subcontractors, authorised transfer documentation for transferees, and specified depreciated value rules where exempted goods are disposed of.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Petroleum and coal bed methane equipment supplies exempted from state tax above 2.5% with DGH certification required.
Exempts intra State supplies of goods listed in the annexure from State tax to the extent tax exceeds the amount calculated at the prescribed rate (2.5%), only when supplied for petroleum or coal bed methane operations to licensees, contractors or bona fide subcontractors. Exemption is conditional on production of a DGH certificate at time of supply, additional affidavits and undertakings for subcontractors, authorised transfer documentation for transferees, and specified depreciated value rules where exempted goods are disposed of.
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