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of <h1>Kerala GST Ordinance: Tax Exemption on Petroleum and Methane Supplies Exceeding 5% from July 2017.</h1> The Government of Kerala, under the Kerala Goods and Services Tax Ordinance, 2017, has exempted certain intra-State supplies of goods related to petroleum and coal bed methane operations from State tax exceeding 5%, effective July 1, 2017. This exemption applies to goods used in petroleum operations under specified licenses, contracts, and policies, including the New Exploration Licensing Policy and the Marginal Field Policy. The exemption is subject to conditions such as certification from the Directorate General of Hydrocarbons and compliance with tax obligations in case of non-compliance by contractors or sub-contractors. The notification aims to support petroleum and methane operations by reducing tax burdens.
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