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of <h1>Karnataka Exempts Certain Intra-State Supplies for Petroleum and Coal Bed Methane Operations from State Tax.</h1> The Government of Karnataka, under the Karnataka Goods and Services Tax Act, 2017, has exempted certain intra-State supplies of goods from state tax, effective July 1, 2017. This exemption applies to goods used in petroleum and coal bed methane operations under specified contracts and policies. The exemption is conditional upon the production of certificates from authorized officials confirming the necessity of these goods for the specified operations. The exempted goods include seismic survey equipment, drilling rigs, helicopters, marine vessels, oil field chemicals, and various other specialized equipment and materials essential for petroleum and coal bed methane operations.
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