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of <h1>Delhi GST Act Exempts Petroleum and Coal Bed Methane Equipment from State Tax with Conditions Effective July 2017.</h1> The notification issued by the Lt. Governor of Delhi under the Delhi Goods and Services Tax Act, 2017, exempts certain intra-State supplies of goods related to petroleum and coal bed methane operations from state tax beyond a specified rate. These goods, detailed in an annexed list, include seismic survey equipment, drilling rigs, marine vessels, chemicals, and various specialized equipment used in petroleum operations. The exemption is contingent upon specific conditions, such as providing certificates from authorized officers and compliance with outlined procedures. This measure, effective from July 1, 2017, aims to support petroleum and coal bed methane operations by reducing tax burdens.
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