Concessional GST rate applies to specified petroleum and CBM supplies subject to DGHC certification and compliance conditions. A concessional Puducherry SGST rate of 2.5% applies to goods in the annexed List when supplied for specified petroleum exploration, production or CBM operations under nominated licences or specified contracts, subject to conditions: production of a DGHC certificate by licencees, contractors or sub contractors at the time of supply; sub contractor affidavits and undertakings; transfer certification and undertakings for transferees; and payment on depreciated value if goods are disposed of, computed by prescribed straight line quarterly rates up to a 70% cap.
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.
Concessional GST rate applies to specified petroleum and CBM supplies subject to DGHC certification and compliance conditions.
A concessional Puducherry SGST rate of 2.5% applies to goods in the annexed List when supplied for specified petroleum exploration, production or CBM operations under nominated licences or specified contracts, subject to conditions: production of a DGHC certificate by licencees, contractors or sub contractors at the time of supply; sub contractor affidavits and undertakings; transfer certification and undertakings for transferees; and payment on depreciated value if goods are disposed of, computed by prescribed straight line quarterly rates up to a 70% cap.
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