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of <h1>Andhra Pradesh Grants 2.5% SGST Rate for Petroleum and Coal Bed Methane Operations under AP GST Act 2017.</h1> The Government of Andhra Pradesh, under the Andhra Pradesh Goods and Services Tax Act, 2017, has issued a notification granting a concessional State Goods and Services Tax (SGST) rate of 2.5% for intra-State supplies of specific goods related to petroleum and coal bed methane operations. This exemption applies to supplies made to entities such as Oil and Natural Gas Corporation, Oil India Limited, and other contractors or sub-contractors engaged in petroleum operations under various government policies. The notification specifies conditions for eligibility, including the requirement for certificates from the Directorate General of Hydrocarbons and adherence to specified operational policies. This notification is effective from July 1, 2017.
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