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of <h1>West Bengal Cuts State GST to 2.5% for Goods in Petroleum Operations, Effective July 1, 2017.</h1> The Government of West Bengal has issued a notification under the West Bengal Goods and Services Tax Ordinance, 2017, reducing the state tax rate to 2.5% for intra-state supplies of goods used in petroleum operations. This concessional rate applies to operations under specific licenses or contracts related to petroleum exploration, mining, and coal bed methane, including those under the New Exploration Licensing Policy and Marginal Field Policy. The notification outlines conditions for eligibility, such as the need for certificates from the Directorate General of Hydrocarbons and compliance with specified conditions. The notification takes effect from July 1, 2017.
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